What equity investors must do to avoid losing money

To put my readers in the right frame of mind for this article, I’ll quote a quip from Warren Buffett’s deputy Charlie Munger, whom someone has described as the richest comedian in the world, “Warren, if people weren’t wrong so often, we wouldn’t be so rich.” The takeaway obviously being that when some people are wrong, others get rich at their expense.

I know you dislike negative stories—everyone does. However, understanding this dislike and