That is the magic of History...leaders are delusional when they need to be, and then, crowds fall into line behind the goofiest, most destructive programs. ‘On to Moscow,’ yell the soldiers...
I’ve made every investing mistake you can imagine — oversized bets, emotional decisions, ignoring risk, and thinking I was smarter than the market. Losing money taught me what gains never could: success isn’t about brilliant picks, it’s about breaking bad habits. Here are the lessons that turned painful losses into a better investing process.
A sudden win can be more dangerous than a slow loss. This piece explores why misunderstanding risk leads to poor decisions — and how investors can think more clearly when certainty is impossible.