As reported in the news, after a football loss, a quarterback said, “You Win Or You Learn.” A perfect response to an undesirable result.
If we do not buy at the lowest of the low prices, and do not sell at the highest of the high prices, can we still see ourselves as successful? Or did we lose because someone else theoretically made a little more money than us?
The comparisons that go into that assessment are what is destructive, not the actual measurements of money. The human desire that feeds the emotional comparisons is what destroys our humanity.
Unfortunately that quote has a seed that runs counter to our cultural belief that winning is the better thing. Because “You Win Or You Learn” implies that one learns with loss, not success. Or maybe one learns better or more when one loses. When one wins, it seems a person will want to bask in the glory of winning rather than learn from the experience.
Anyone who read stock quotes can tell you that there is always a lower price in which to buy, or a higher price in which to sell. No getting around it, we can never be the best in the financial investing world, if “best” means buying at the lowest low, and selling at the highest high. As a result, we accept our not-being-the-best stance, and puff up our egos to assuage our imperfections.
Did you buy or sell at the best price? Let me know here.
Displayed is an illustration from “The laughing prince; a book of Jugoslav fairy tales and folk tales” by Parker Fillmore, 1921. Courtesy, New York Public Library.
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