One of the most incorrect statements I've seen in this website. If all your wealth was converted to cash and I made a big bonfire out of that cash, that would be a complete destruction of your wealth. Wealth isn't energy. It absolutely can both be created and destroyed.
Losing your dog is substantially different from losing your money. Dogs are unique, whereast money is not. Dogs are differentiated products, whereast money is not.
So say I have 1 Trillion USD and burned it. It would make everyone elses USD worth a little more therefore transferring wealth to them at my expense. There is only one pie and if my piece of the pie gets smaller, yours get's bigger vice versa. I guess maybe our definitions of wealth may be the problem. I'm speaking about wealth of the whole world . Your talking about wealth of the individual by the way Buffet is where I learned that saying. So he must be incorrect too?
Not really.... The loss may be permanent But it need not be lethal⦠nor even the least bit debilitating - tis one's choice - always ============= Losing trades is simply one part of doin business Best we not allow them to be the only..., or even a significant - part (meaning in such a manner as to be negatively impacting of course) RN
I agree, the more time you spend reading beyond this post the more time you have lost in your life. GONE FOREVER!!!!!!!!!!!!!