While reading your blog and your advice, it made me think of the Theory of Constraints, which emphasizes looking at the throughput of a process instead of optimizing a single entity. This is similar to your advice to look at the value of your entire portfolio. TOC also emphasizes the use of buffers in the execution of work. Thank you, and it's nice to see how great ideas work together.
RE: Be prepared financially and psychologically for the adverse results of your investment decisions