9 "Self-Evident" Foolish Truths, No. 8: Be Ready and Willing to Lose

This week is the 120th Rule Breakers podcast, and as Motley Fool co-founder David Gardner looked back, he realized he's covered a whole lot of subjects in those shows. More to the point, with all those episodes behind him, there are some areas he may not have covered in detail in a while. So he's getting back to basics with a set of ideas he thinks any Foolish investor ought to take for granted -- because he's not taking it for granted that everyone knows them.

In this segment, he discusses his biggest losers -- and how many he's had. But what takes the sting out of those big declines is that the gains from his winners far exceed the pain of his losers.

A full transcript follows the video.

Source: Fool.com