"Reality is far more vicious than Russian roulette. First, it delivers the fatal bullet rather infrequently, like a revolver that would have hundreds, even thousands of chambers instead of six. After a few dozen tries, one forgets about the existence of a bullet, under a numbing false sense of security. It is also related to a problem called denigration of history as gamblers, investors, and decision makers feel that the sort of things that happen to others would not necessarily happen to them."
Sunday, July 7, 2013
Reality is far more vicious than Russian roulette
Labels:
behavioral investing
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