One of the hardest things to overcome is our natural tendency to over-extrapolate what happened recently out into the future. I catch myself doing this all the time while watching basketball games. I can’t help it, whichever team goes on an 8-0 run is the team that I think is going to win the
It’s hard to imagine a different world than the one that currently exists, it’s harder to predict when changes will happen, and it’s even harder to know what the changes will look like.
Josh, Ben and I spoke about how this sort of thinking affects the stock market, or more precisely, investors in the stock market.