Profit and loss sharing is actually somewhat misleading

If you stick to value investing for the long term, it's actually very hard to lose money
Because the number of mistakes made is extremely low
By sacrificing many ordinary opportunities
Reducing the number of mistakes and traps

The essence of value investing is
Focusing investments on opportunities with high win rates and high returns
And placing great importance on the margin of safety
It is entirely possible to effectively seize opportunities
While avoiding major drawdowns
The reason for saying profit and loss sharing
Is because many times we are actually speculating!