Yes, avoiding bad investments is definitely good. However, I think people have a natural cognitive bias towards loss-aversion, which means that we need to be ca

Yes, avoiding bad investments is definitely good. However, I think people have a natural cognitive bias towards loss-aversion, which means that we need to be careful that we aren't focusing too much on that side of things (e.g., we should focus 20% on avoiding bad deals, and 80% on not missing good ones).