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Many people believe that earning the first bucket of gold, the first 1 million, is a great achievement.
But I believe that life starts from losing your first bucket of gold, from the first bankruptcy.
Bankruptcy is a rite of passage for an investor; it is a form of adult initiation.
The pass rate for this coming-of-age ceremony is 10%: 90% of people will never get up again after falling. This is the cruel reality of the market.