One of the biggest differences between domainers (or I’d say investors in general) who do well and domainers who don’t is the fact that those who do well are willing to change their opinion when they come across facts which prove that they were wrong.
They swallow their pride, admit they were wrong and change/calibrate their strategy accordingly.
They don’t blame others, they don’t blame the market, they don’t blame the economy and generally speaking, they don’t desperately try to find someone or something they can blame it all on.
Instead, they look in the mirror, admit they were wrong and move on.
Sometimes, this means cutting your losses.
Sometimes, it means completely changing a strategy you invested a lot of time/energy in.
The list can go on and on, the bottom line is this: no, it’s not pleasant but changing your opinion and admitting you were wrong is one of the most important things you have to be willing to do.
Sure, finding something/someone to blame may make you feel better initially but you cannot learn from mistakes if you don’t acknowledge them.
You’re a domainer, an investor.
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