Recently, I was thinking about the topic I am writing about here, and I was thinking like this: To invest or speculate successfully, you need to understand where you went wrong if you failed, and do your best not to repeat the same mistakes. Even better, to be successful, you must purely do what works at the right time, in the right way. Personally, I think that’s the hardest part of any investment of any kind.

Genuine success of any kind depends on knowing every inch of failure and how not to do it again if you did it when you tried to achieve success. If you can understand that statement, you can really get somewhere. If you rely on initial luck and “luck of the draw” on success, you won’t really get anywhere. In short, the reality is to fully understand how to fail and not to fail, and instead do what leads to genuine success. After all, people judge you on the real successes, not on the many misunderstandings and temporary failures that led to the real ultimate success.

In that sense, “We all love to win, but who loves to train?” takes on a very ancient meaning. Failure, properly used, is the last step towards true success, especially in investments, futures and that kind of thing and more.

I remember Thomas Edison and his quote that “I have found ten thousand ways not to invent the light bulb, and one way to do so”. That’s the reality of true success when investing, playing poker, or anything that requires a cognitive understanding of when to act, when not to act, when to back down, and when to go forward. In short, there are many ways to lose, but only one genuine way to ultimately win after understanding all those ways to lose: work your way to success. You don’t depend on luck, you don’t worship the first time “lucky” happens, success comes through that trial and error work of understanding. For those who think I’m a pessimist and not the ultimate optimist in understanding the nature of all games that require investment and future products of all kinds in a genuinely final capitalist way, there is always Bernard “Bernie” Madoff’s way of fake it until you genuinely fail, or do whatever it takes to actually succeed (like the true ultimate capitalist that I am), which I genuinely prefer. Doing what it takes really isn’t so much about skill as it is about understanding how to succeed by finding all the ways to fail until success is certain. Why do you think Jason “Jay” Gould technically died a failure and Abraham Lincoln it is remembered as one of our best presidents of the United States, because in his life, he found every way to fail until he succeeded, while Gould, although successful in business, most of his life cut corners at crucial moments in instead of failing intelligently. I get it. Gould died of a heart attack from the stress of upkeep, Lincoln had to be eliminated by a fateful assassin on January 6, 2021 who wanted to draw attention to himself in a pitiful way. I get it: he either wins the right way, or suffers a fate that gives you “get away with it” in the mirror if no one else immediately knows what you lied or tried to cheat about.