Wednesday, June 26, 2013

Every real-life decision is made under conditions of great uncertainty

“When you see a chart accompanying an explanation of a stock market technique, you also generally also see how things turned out. This makes the result of a good investment decision seem inevitable and obvious. But every real-life decision is made under conditions of great uncertainty, at a time when it is not at all obvious whether your choice will yield a subsequent profit or instead yield a loss.


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