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Book Discussion - The Psychology of Money Part 2

Not Overthinking

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Is Russian Roulette Just an Urban Myth?

Nasim telep says you can be risk loving and yet completely averse to ruin. The idea is that you have to take risk to get ahead, but no risk that can wipe you out is ever worth taking the odds in your favour when playing russian roulette. Leveradge takes on debt to make your money go further, pushes routine risks into something capable of producing ruin. Any time you are operating at the extremes of anything, you are increasing the odds that you will regret that decision further down the line. So what you want to aim for is moderation on all fronts.

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