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The Laws of Holes
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Centuries ago, a Chinese King was sitting in his cabinet meeting discussing the poor economy of his country. One economist said, “Sir, we can’t do anything about it. It’s the Law of Supply and Demand.”
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[Solved] The Laws of Holes
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Centuries ago, a Chinese King was sitting in his cabinet meeting discussing the poor economy of his country. One economist said, “Sir, we can’t do anything about it. It’s the Law of Supply and Demand.”
The King said, “I’m the King. I will repeal that Law!” The Cabinet kept quiet, but one brave soul said, “Sir, you cannot repeal the Law of Supply and Demand. It’s like the Law of Gravity.”
And the King said, “I’m the King. I will also repeal the Law of Gravity!”
Obviously, this story is purely fictional. But the message that comes out is clear – You cannot repeal some laws that govern this universe.
Like the Law of Gravity, and maybe…...
The Laws of Holes
The First Law of Holes (this is the only stated law of holes) – If you find yourself in a hole, stop digging.
If you realize you have made a mistake, accept it and cut it short as soon as possible. Like in investing, if you realize you made a mistake in selecting your investment, sell it off even if at a loss. Don’t wait to get your money back, if you find out it’s a bad busines...
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