Agree with WCI.A history of markets would suggest the optimists are right a lot more often than the pessimists.
You can think about it as a system with a high probability of long term growth & optimism, that coexists with a small probability of a catastrophic "tail" event. We are mortal, both ourselves and our investment accounts. That is life.
Statistics: Posted by calmaniac — Thu Mar 21, 2024 8:51 pm — Replies 75 — Views 4055