Pessimists sound smart. Optimists make money.
Many Happy Returns
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Perma Bears Become Famous Because They Say Negative Things
People who are described as perma bears, people like nasimtaleb and michael burray. They're long a lot of the time because they have to be. If they weren't, they'd just be catastrophic investors. And i think the reason they became famous is, well, when they say interesting things,. But also it taps into a part of human psychology, that inner pessimist in us. So how can everyone be an optimist about themselves, whereas think the society is going down? Igt it doesn't add up.
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