Why Do People Keep Making So Many Financial Blunders?

There is never a period where you can go five or ten years of calm. Everythingin the world is constantly breaking, and that's rally important as an investor. The stock market has done extraordinarily well over the past 60 years so you are betting on long term optimism. But if you spend much timei story, you have to be a short term pessimist. Pessimism is a constant, never ending chain of bad news.