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THE PSYCHOLOGY OF MONEY - Commented Book
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Why Do We Read History?
David Frum: Like my daughter, I'm susceptible to explaining the world through a limited set of mental models. He says we all tell ourselves stories to fill in the gaps of what are effectively blind spots. We're very, very bad at predicting events and market forecasts, he says. Frum: The ability to explain the past gives us the illusion that the world is understandable.
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