Continued effort may surprise you

I envision Point C as some level of adversity hitting, after seeing some success. It is easy to become a “deer in the headlights” when you hit that point. Run, as true stride may be just around the corner.


That doesn’t mean, however, to climb straight uphill forever. You have to strike a balance between putting more chips in the bucket and learning how to cut your losses.

Case in point from an investing master:

Warren Buffett, whose Berkshire Hathaway lost $900 million earlier this year from his foreign-currency investments, cut his exposure to forex contracts from $21.5 billion in June to $16.5 billion in September, before the recent strengthening of the U.S. dollar. – Institutional Investor

Mr. Buffett cut his losses, and while they seem big, paled in comparison to the billions BH made being “short” the dollar.

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