A concept I love is "investing in loss." Instead of avoiding loss, you allocate resources and seek it to improve in the long run. Let's use Chess as an example. You KNOW that the end game is your weakness. But as humans we hate discomfort. For me, I'd simply resign if I was losing the end game so I could start a new game where I was more comfortable. My ego was getting in the way. But this didn't really help me improve in the long run. So how did I invest in loss? Me and some of my practice partners would specifically focus on starting at the end game. I'd get my ass kicked over and over. It sucked. But I'd improve at it consistently. After a few months it became one of my strongest areas. How can we apply this concept to Crypto? I was terrified of losing money when I get into DeFi. Everything was so new to me. I saw risks everywhere. But then I thought, "I'm going to invest in loss." I gave myself a budget of 1000 to go on chain. Yes, I did get rug pulled a few times. But each "loss" gave me a new lesson and made me more bulletproof. Investing in loss means I can confidently go into areas that I'm weak in. Another example is to create a burner account with a few hundred bucks just to explore new protocols. What makes the loss bearable is to add a constraint in whether it's financial or time. Ultimately, this is about creating a healthy mindset with "failure." • Each failure is a "data point." • Your ego is your enemy. No one cares about you as much as you think. • I've learned that it's not the 10,000 rule. Plenty of people put countless hours into something and they still suck. A better rule is 10,000 experiments. Experiment, learn, iterate, repeat. Ask yourself, what losses do you want to invest in?