The bad luck, mistakes, misfortune are a necessary prerequisite that enables "buy low".
Understanding this is a pathway to riches - as per 1c for PDN and a few years in purgatory when nuclear power was on the nose. Of course, if the worm does not turn then you do 1x your money.
But the brave PDN buyers at 1c are sitting on >700x.
Say half of your situations like this go bankrupt but the successes average 10x...
Do the overall math's for your returns compared to index funds.
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