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Trying Too Hard

The Morgan Housel Podcast

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The Dangers of Trying Too Hard: A Lesson from Thomas McCray

It is possible to try too hard in various aspects of life, including investing./nThomas McCray, a young doctor in the 19th century, learned the importance of not overthinking diagnoses./nMcCray's initial diagnosis of a common stomach ailment was correct, while the more educated professor's diagnosis of a rare disease was incorrect./nFocusing on the most likely diagnosis instead of searching for rare diseases can lead to better outcomes.

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