Heed the lessons of failure.
-
What Kills You and Your Investments
You don’t understand risk. I don’t mean you, in your professional capacity. I mean you, the human being whose brain is desperately trying to keep you alive. An endless procession of mortal threats are trying to end your particular genomic variation, forcing your brain to respond first and think later. Your existence is threatened by hungry predators, roving bands of Neanderthals, poison mushrooms and all manner of germs. What’s that you say? You don’t live on a savannah where lions hunt, and there haven’t been any Neanderthals for 30,000 years? That is irrelevant to your risk-calculating engine. Your ... (full story)