I think it's important to have a good hard failure when you're young... I learned a lot from that. Because it makes you kind of aware of what can happen to you. Because of it, I've never had any fear in my whole life when we've been near collapse and so on. I've never been afraid.
The key to successful investing is to have a clear understanding of the risks and rewards, a disciplined approach, a long-term perspective, and a strong understanding of the fundamentals.
