Ep. 756: Taking the Damn Loss with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
Larry Heit, the Rule, Cut Your Damn Losses
The bygones are bygones principle extends well beyond economics and is often ignored in poker and war. At every moment of decision you should be concerned with how benefits from this time forward compare with current and future costs. The rule, Larry Heitz' new book coming is based on the title, cut your damn losses.
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