Many people believe that earning the first bucket of gold, the first 1 million, is a great achievement.

But I believe that life starts from losing your first bucket of gold, from the first bankruptcy.

Bankruptcy is a rite of passage for an investor; it is a form of adult initiation.

The pass rate for this coming-of-age ceremony is 10%: 90% of people will never get up again after falling. This is the cruel reality of the market.