How do you react to losses?

I used to react with shock, horror and doubt, mostly because I had considered fairly carefully every investment and thought I had avoided the duds.  That was before I realised some of the borrowers lied about their business and the platform's own assessments were frequently superficial in the extreme.   On that particular platform, where I have been on the exit trail for almost 2 years, my losses equal the fees paid.

On other platforms, there have been no losses - yet.  But they are there, in the pipeline, just waiting to be admitted formally by the platforms.  Some of them will be my own fault - loans I had rejected initially were sometimes seen as a temporary parking place, which in the end proved to be permanent when the bad news arrived rather sooner than I had anticipated.  Others were not foreseeable - by me, at least.   Those losses will be coming so I am somewhat inured to them.  And I have made provision for them.  Every month, for every platform, I have a provision for bad debt so I am not carried away by the headline "Total Invested" that might lead me to think I am better off than I really am.  However, if the eventual losses exceed my provisions, my confidence would be severely dented and I would definitely be looking to rethink my entire strategy.