Buffett says, don't lose money, don't lose money, don't lose money. How to avoid losing money?

The first kind of loss is when you choose the wrong company and lose money.

The second kind of loss is encountering a black swan event for the entire market, like in April 2025.

The first kind of loss is a problem with your own judgment. The second kind of loss is not your fault, but it is your opportunity. The prerequisite for this opportunity is that you don't have the first kind of loss. 🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔