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Excellent investors always take responsibility for their results.

When a good investor takes a loss he doesn’t say „The market was against me” or „My stock broker gave me bad advice”.

After a mistake an excellent investor always admits „I made a mistake”.

A winning investor accepts the result without recrimination and always analyses what they did or didn’t do so that they won’t repeat the mistake.

A true investor acknowledges that the best lessons are always the ones that you get from your own mistakes.

By taking responsibility for your actions – both profits and losses - a good investor stays in command of himself.

It’s exactly like the expert surfer dude hitting the waves. He doesn’t believe that he controls the waves but because of his experience he knows when to ride a wave and when to avoid it. He is in control of his own actions. If he falls – it’s his fault.