Book excerpt: Golden Quotes on Investment Philosophy from "Principles"**



"Pain + Reflection = Progress." — Ray Dalio

In investing, the pain from losses is a valuable opportunity for growth. The key is how to reflect: 1) Objectively analyze the causes of mistakes 2) Establish improvement mechanisms 3) Avoid repeating errors. Successful investors are not those who never make mistakes, but those who can quickly learn and adjust after errors.

Treat each loss as tuition, ensuring what you learn is worth the cost. Develop personal investment principles and continuously refine them.

#RisingCreators #ContentMining #Investment Principles
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