"You don't have to make it back the way you lost it." ~Warren Buffett
You can make it back through other ways so why don't you admit your mistakes, reflect and move on?
[Berkshire Hathaway Chairman's Letter 1994]
*Command+F / Ctrl+F and search 'USAir'*
[Full Videos of Berkshire Hathaway Annual Meeting 1995]
[ABOUT - Collection: Warren Buffett]
Whenever, I search up on fund managers that practice value investing. All of them done 1 common thing that is, they study whatever they can about Warren Buffett from his annual letters, annual meeting or even interviews. Hence, I decided to do the same and share it together with all of you so that we can learn and grow together :)
[My 2 Cents]
"Someone builds a business over years. You know, that, they know how to do. And then they go out some place and get into a mathematically disadvantageous game. Start losing it and they think they’ve got to make it back, not only the way they lost it, but that night. It’s a great mistake." ~Warren Buffett
A very interesting paragraph, if you interpret the 'game' as buying a stock.
You start losing not when the stock value falls, but, the moment you decided and bought the stock, you lost.