Module 10: Risk, Sizing and Psychology

This is the module most people skip, and it is the one that saves them. Picking companies feels exciting; staying in the game is what lets you keep playing at all. Six short chapters on not blowing up, sizing your bets, getting out when you need to, deciding calmly, outsmarting your own brain, and writing a one-page process you will actually follow.

1. The only rule: do not blow up: why survival comes before every other investing skill, and the maths that proves it.
2. Position sizing: how much of any one company you may own, whether you have pocket money or a grown-up portfolio.
3. Liquidity: why a microcap is not Apple on the day you need to sell in a hurry.
4. Checklists and pre-mortems: how to make decisions calmly on paper instead of emotionally in the moment.
5. The four biases in plain words: FOMO, anchoring, loss aversion and confirmation bias, and how they quietly trick you.
6. Your one-page investing process: pull the whole module together into one page you write yourself, by the end of the chapter.

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