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As always, there are many ways to view her story. My bet is she won't learn he lessons she needs to her losses. .

Me? No drawdowns? You gotta f*ckin' be kidding. Cumulatively, over the years, --37.5 to be exact of trying to pull money out of markets-- I've lost more than she has, and on some positions it was 100%, as when a company went BK and the workout yielded nothing. But if the position was just 0.25% of AUM and the expected failure rate of the tranche was 55%, but payoffs were asymmetrical such that the game offered a positive-expectancy, then those losses were just the cost of doing business.

That's where she screwed up. She over-bet her hand, both in terms of asset-class and position size. Yeah, she was encouraged to do so by the scammers who host this website. But the ultimate fault is her own, and until she masters the wisdom offered in such classic texts as Graham's, The Intelligent Investor, she won't turn herself around.

What's the diff between 'investing' and 'gambling'? Nada. Zip. Zilch. Both are an attempt to turn a profit from making predictions about the outcome of unknowable future events. Some investing games have a positive expectancy. Some don't. You gotta know which is which and when to walk away from the tables in the equity casinos.

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