THE PSYCHOLOGY OF MONEY - Commented Book
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The Art of Bergruin - The Great Art Dealer
In 2000 Heinz Bergruin sold part of his massive collection of Picasso's brocks, cleas, and matrices to the German government for more than 100 million euros. That one person can collect huge quantities of masterpieces is astounding. Long tales have tremendous influence in finance where a small number of events can account for the majority of outcomes. We underestimate how normal it is for a lot of things to fail which causes us to overreact when they do.
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