If you are interested in the stock market then you have heard of Charlie Munger and his quotes:-
First, I thought about how it is related to the stock market, but my brain trained to memorize only never gets in the first go. After thinking for a few days I get. If you want to be successful then you should avoid the things that make you unsuccessful. For eg:- If you want to be healthy then, know what makes you unhealthy like eating junk food, smoking, drinking, and many more. You don’t have to just avoid and filter it.
And in the stock market, if you don’t want to lose money(all of us) we should avoid what makes us lose money over-diversification, concentrating too much, not knowing what you’re doing, overtrading, micromanagement, racking up a commission, investing the money you can afford to lose and many more.
Chirle munger is a wise man. And His teaching does not work only in the stock market but in life also