Long-term investors know the return on investment is an aggregate. It’s the combination of wins and losses that create a portfolio.

Cut the losses. Maximize the wins. Then the portfolio wins.

It’s not the day to day trades that long-term investors care about.

Frederick Douglass said it best, “If there is no struggle, there is no progress.”

That’s the topic in this afternoon’s episode of the Mafost Mashup.