Great Post from Kamlesh Pandey - Three Musketeers

You are counting. It's probably 10th time in this hour when you have heard him say “I don't want to lose money”. If it was any other old man you would say "Now shut up and stay away from stocks. If you want to make money, you got to be mentally prepared to lose money. No risk, no gain!"But then you get to know, this is no ordinary old man. He is Walter Schloss, one of The Superinvestor of Graham-and-Doddsville. He produced a 16% total return after fees during five decades as a stand-alone investment manager, versus 10% for the S&P 500.
http://www.unfairvalue.com/2009/05/three-musketeers.html