We've all faced situations in our lives where things just weren't working out. Instead of walking away from the situation, we sometimes choose to try and force a fit.
Whether we're talking business, career, or investing, it's often more prudent to cut losses early on -- or to avoid a situation altogether. Imagine you've been watching a certain stock fall in price over a long period of time. You may think the stock is "cheap" now, but as I always say, there's almost always a good reason a stock's price declines dramatically. Or maybe you already bought a stock that keeps falling, and you keep hoping it'll recover. In real estate, too, I've seen folks decide they "must have" a certain property, regardless of timing or price.
As a wise man once said, the only constant is change. Certain stocks that at one time seemed like no-brainers to buy, will evolve into investments you don't want to touch with a ten-foot pole. So, before we put the notion that we must make certain situations work for us, we need to step back and look at the big picture.
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