I'm not a Tony Robbins fan, and although I 'kinda' know who he is I've read none of his books. Now, however, he's taken on the subject of finance- that one I plan to read. Marketwatch includes an 'op-ed' piece by Robbins today which attempts to distill the results of his interviews with successful investors. Excellent read:
Not losing is somewhat of a misnomer. All investors make losing bets. The 'key,' if you will, is to cut losses quickly. Almost half of my trades turn out to be 'wrong.' That's OK, as long as I immediately recognize/admit the error and take the dent to my portfolio (before the damage escalates). It's the closest you'll come to discovering a 'secret' to financial success.