In his stocks talk, Victor Haghani discusses the problems with the attitude 'failure is not an option.' After analyzing numerous interviews with successful business people, two themes became apparent. The first is to cut losses early and the second is to let profits run. He goes on to describe different investment experiments that were held to test the effectiveness of this way of thinking. The experiments were successful, which he makes several observations about. This includes the prevalence of trends and that humans are not very good at betting.
The financial advice contained in this stocks talk can be extrapolated to many different areas. The concepts of cutting losses early and letting profits run can be applied not only to business decisions, but are also relevant in life matters such as relationships.