The loss of a friend, an illness, an accident, a natural disaster, a war, or any failure can make us quickly think that we are no good and are being punished.

失掉了一个朋友，一场疾病，一次意外，自然灾害，战争，或者任何的失败，都会诱使我们想当然的认为是自己不好，受到了惩罚。

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Good traders know how to make money; great traders know how to take a loss.

好的交易员知道怎么赚钱，伟大的交易员知道如何承受损失。

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If you happened to buy last year's stocks, a good move now would be to make a tax-loss sale of the laggards and use the proceeds to help pay for this year's crop.

FORBES: Smart Money

In that context, the tournament's format becomes even more important, since reaching the knockout round can make the difference between a good year and a loss-making one.

WSJ: Cup That Could Hold More