The subtle realities are that often you can be right and fail.

You make decisions based on the best information you have at the time you make them.

Simple example, two people make a bet on the flip of a coin.

If you win the other guy pays you 2 pounds
If you lose you pay the other guy 1 pound

Lets say you flip once and lose.... is it a bad bet?

The stupid person will tell you its a bad bet because it lost.

The smart person will tell you its a great bet with a huge edge. Keep making good bets and you will 100% come out ahead in the long run with lots of variance (ups and downs)

Posted By: usacanary, May 2, 16:27:22