The market isn't an ATM; it's a magic mirror. After three cycles of bull and bear markets, the deepest realization is this: what truly determines long-term returns isn't how many opportunities you seize, but how many temptations you resist. Losing less is earning more, and those with smaller drawdowns will definitely win in the long run. Wealth is a reward for understanding, not for hard work. Those who can survive through several bull markets are most likely to win in the end.