So long as predictions remain popular, and are so numerous as they are today – and so long as they receive notoriety through repetition in the press and on the radio – contrary opinions will increase in importance as thinking aids. “
April 10, 2023
With most mistakes we make in life, we have no idea of what the immediate outcome will be. There’s just a feeling it will be negative. But in the investment world we often know quickly what the mistake is going to cost us. When that happens, it is unnerving because we now know that the emotional impact of losing money is 2.5x...