Status Updates From A Psicologia do Dinheiro (P...
A Psicologia do Dinheiro (Portuguese Edition) by
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Theo Burchell
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Chapter 6:
This chapter was about tail events / wins. Which are 1 in a million events that cause the success. Much like investing 90% of the time you loose money, but 1% causes that 50x of your investment making you a lot of money. So the main idea is to know that 90% of the time it will fail but 5% might make you a lot.
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This chapter was about tail events / wins. Which are 1 in a million events that cause the success. Much like investing 90% of the time you loose money, but 1% causes that 50x of your investment making you a lot of money. So the main idea is to know that 90% of the time it will fail but 5% might make you a lot.
