"Second, unlike a well-defined precise game like Russian roulette, where the risks are visible to anyone capable of multiplying and dividing by six, one does not observe the barrel of reality. Very rarely is the generator visible to the naked eye. One is thus capable of unwittingly playing Russian roulette - and calling it by some alternative "low risk" name. We see the wealth being generated, never the processor, a matter that makes people lose sight of their risks, and never the losers. The game seems terribly easy and we play along blithely."
Sunday, July 7, 2013
One does not observe the barrel of reality
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investing
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