Prioritize Capital Preservation: The Core Investment Principle

#InsanelyAggressiveSavingsGroup[SuperTopic]# First priority: avoid losing money. The core of not losing money is having a high enough safety margin, which requires buying at a sufficiently low price and selling at a sufficiently high one. Among these, the purchase price matters more—keeping it low raises your safety line, since it's unlikely a product will drop significantly below that already-low level. This means you can easily make money, while losing money becomes very difficult. The underlying implication: you need the discipline to hold your position and the patience to wait for that sufficiently low entry point.