If you have the following mentality:1. If I buy a stock and lose...

If you have the following mentality:

1. If I buy a stock and lose the lot, I see it as a donation to the people who have sold

2. There is no guilt whatsoever if it 2000x because
“I told you so” a million times

3. Asset prices go up over time. Like Sydney property. It’s not about what you think an asset should be worth but the market. It’s not rocket science either. The question is always “by how much can it go up?”

4. Your outcomes become binary provider you are prepared to lose the lot. There is no such thing as lose 10% or 20% or 99%. Your only outcome is win infinite or lose 1x of your investment

5. If you go out and spend it on a sneaker or a meal at a fancy restaurant, your payoff is certain. 1x loss. I’d rather lose it on shares for the opportunity to make a Billion