Thursday, September 5, 2013

Warren Buffett's 10 Ways to Get Rich - #8

#8. Know When To Quit: 

Once, when Warren Buffett was a teen, he went to the racetrack. He bet on a race and lost. To recoup his funds, he bet on another race. He lost again, leaving him with close to nothing. 

He felt sick -- he had squandered nearly a week's earnings. 

Warren Buffett never repeated that mistake. Know when to walk away from a loss, and don't let anxiety fool you into trying again.

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