Two lines have kept me alive through every cycle. The first: only invest what you can afford to forget, meaning long-term capital you won't be forced to touch, not money you'll need next year. The second: only trade what you can afford to lose completely. Lehman had the best minds in the world and still vanished in 2008. ZM and PYPL fell 80% in 2022 while their fans were still calling them safe. The market owes none of us a warning.

So size your positions as if you'll be wrong, because some days you will be. Take a bucket from the ocean each month. Reach for the whole sea in one grasp and the next wave drowns you. Keep walking one steady path, refuse to be shaken out, and the destination tends to arrive on its own.