THE PSYCHOLOGY OF MONEY - Commented Book
top audiobooks
00:00
Room for Error in Forecasts
Incentives are a powerful motivator, and we should always remember how they influence our own financial goals and outlooks. There is no greater force in finance than room for error, and the higher the stakes, the wider it should be. The bigger the gap between what you want to be true and what you need to be true to have an acceptable outcome, the more you are protecting yourself from falling victim to an appealing financial fiction.
Transcript
Play full episode
