Be Optimistic, but Always Be Prepared for the Worst

There are a lot of ups and downs, but you can ride them out if you’re prepared for them.

Learning to expect problems saved me from a lot of wasted energy, and it will save you from unexpected surprises. It’s like Wall Street; it’s like life. The ups and downs are inevitable, so simply try to be prepared for them.

Sometimes I’ll ask myself why I want to take on some new, big challenge. A substantial loss is always a possibility. Can I handle it if it doesn’t go well? Will I be asking myself later,Why did I ever do that? What was I thinking? I’m actually a very cautious person, which is different from being a pessimistic person. Call it positive thinking with a lot of reality checks.

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