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Every person, business, team, and family faces setbacks.

Things don't always go according to plan.

You have to plan on the plan not going according to plan!

Howard Marks writes that superior companies don't waste difficult periods.

They play defense and offense at the same time.

  • On defense, they cut what isn't working, preserve resources, and make hard decisions.

  • On offense, they innovate, improve, invest, and position themselves for what's next.

The same principle applies to people.

The best people don't waste a setback.

In every bad situation, some good will come out of it.

They use adversity to reassess priorities, strengthen relationships, sharpen skills, and make changes they've been putting off.

While others are waiting for the circumstance to improve, they're improving themselves.

  • On defense, individuals REMOVE what is funky, broken, or sad. Remember, the mental game is more about subtraction than it is addition.

  • On offense, they stay focused on being the best at getting better.

Mental toughness is responding to the brutal reality of the situation…

When setbacks show up, ask two Puke & Rally questions:

What needs to be protected?

What opportunity exists because of this challenge?

And a RALLY always involves other people!

Bad news is good business. Not everyone buys it.

Every morning, financial news follows the same script. Headlines panic, coverage catastrophises, and somewhere inside the noise is the story that actually matters — the one that tells you where the opportunity sits, not just where the fear is pointing.

Most sources have stopped looking. The alarm is easier to sell.

The Daily Upside was created by Wall Street insiders for readers who crave real insight over recycled anxiety. Five minutes of global business and finance, before the noise sets the agenda — just the facts, context, and analysis your decisions need.

Join 1M readers — including managing directors and principals at some of Wall Street’s largest institutions — who trust The Daily Upside to filter through the chaos.

The upsides are always there. We’ll find them before breakfast.

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It’s not about the SETBACK, it’s about the COMEBACK

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