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I can't fault your argument given the definition that you have chosen to use. One further conclusion if I may. You are better off making money having made the 'wrong' decision than making the 'right' decision and losing out on future gains.(Using my proposed definitions)

You might make money 2 out of 10 times you made the 'wrong' decision and lose it 8 out of 10. I believe AT is making the point of having a good process and not relying on the outcome as the way to tell you whether your process is good or not. This is what Saul actually does himself. He has a process and he sticks to it. He doesn't care if the stock goes up 100% after he sells it. He cares what happens with his holdings.
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