[S]ome failure in life is inevitable. It is impossible to live without failing at something, unless you live so cautiously that you might as well not have lived at all — in which case, you fail by default. — Harry Potter author J. K. Rowling
Most of us invest money in stocks dreaming of how much they’ll grow in value and how well they’ll serve us as we save for retirement. Many of our holdings will indeed perform as hoped — and some will far exceed our wildest imaginations. (My Netflix shares, for example, are up more than 10,000%!) But it’s inevitable that we will occasionally fail, too.