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We Study Billionaires - The Investor’s Podcast Network cover image

TIP609: Fooled by Randomness by Nassim Taleb

We Study Billionaires - The Investor’s Podcast Network

NOTE

Rationality is Often a Cloak for Emotion

Rational thinking has limited influence on risk avoidance, as it often serves to justify pre-existing actions rather than guiding decision-making. In media and journalism, the focus is less on delivering genuinely helpful information and more on engaging audiences emotionally. As a result, the media can significantly influence the psychological mindset of investors, tapping into their emotions to shape perceptions and behaviors related to risk and decision-making.

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