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THE PSYCHOLOGY OF MONEY - Commented Book
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The Future Is Hard to Predict
The most important economic events of the future are things that history gives us little to no guide about. Their unprecedented nature means we won't be prepared for them, which is part of what makes them so impactful. Daniel Kahneman was asked how investors should respond when our forecasts are wrong. He said they should use past surprises as an admission that we have no idea what might happen next.
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