Why Your Investment Failures Don't Matter (Psychology of Money)"

Most of your investments will fail. And that's completely fine. Chapter 6 of "The Psychology of Money" by Morgan Housel reveals a liberating truth: "Tails, You Win." In investing, you can be wrong most of the time and still get wealthy. Because a few huge wins can cover hundreds of losses. In this breakdown, you'll learn: ✅ Why 90% failure rate is actually a winning strategy ✅ How Amazon failed dozens of times but still became a trillion-dollar company ✅ The venture capital model that expects failure ✅ Why you don't need perfection - just a few big wins This changes everything about how you think about risk and failure. 📚 BOOK: "The Psychology of Money" by Morgan Housel 🎯 CHAPTER: 6 - "Tails, You Win" 💡 KEY TAKEAWAY: It's not about being right all the time. It's about being really right a few times. 🔗 PREVIOUS CHAPTERS: Chapter 1: No One's Crazy Chapter 2: Never Enough Chapter 3: Getting Wealthy vs Staying Wealthy Chapter 4: Confounding Compounding Chapter 5: Survival Beats Genius ⏭️ WHAT'S NEXT? Comment "CHAPTER 7" below for the next breakdown! 📊 THE MATH: A venture capital firm invests in 100 companies: • 70 companies: Total loss • 20 companies: Small returns (break even) • 9 companies: Good returns (2-3x) • 1 company: 100x return That ONE company makes the entire fund profitable. That's "Tails, You Win." 🎯 REAL EXAMPLES: • Jeff Bezos: "Amazon has made billions of dollars of failures" • Google: 90% of products failed (Google+, Google Glass, etc.) • Apple: Multiple flops (Apple III, Newton, Pippin) before iPhone The winners don't avoid failure. They survive enough failures to hit home runs. 👉 Subscribe for Chapter 7: Reasonable Rational 👉 Share with someone afraid of failure 💬 QUESTION: What investment or decision "failed" but taught you the most? ⚠️ DISCLAIMER: Educational content only. Not financial advice. Not all failures lead to success - manage risk appropriately. Consult a qualified financial advisor.