Chapter 11: Reasonable Investing: Explores the principles of sensible investing and the pitfalls of trying to beat the market through active trading.
Chapter 12: Room for Error: Talks about the importance of leaving room for error in financial planning and the value of flexibility in navigating uncertainties.
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Define the cost of success
8. Save. Just save. You don't need a specific reason to save.
9. Define the cost of success and be ready to pay it.
10. Worship room for error.
11. Avoid the extreme ends of financial decisions.
12. You should ...
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