Why You Should Save Like A Pessimist, But Not Invest Like One - Deepstash
Expecting miracles and disasters

Mathematician John Littlewood explained the presence of miracles through statistics. Littlewood's Law says we can expect a miracle every month. On the flip side, we can expect a disaste...

3

STASHED IN:

106

Why You Should Save Like A Pessimist, But Not Invest Like One

forbes.com

STASHED IN:

0 Comments

If you are aware that 'black swan' events are not so unusual, you can plan if such an event happens. That is the benefit of a high savings rate - it is easier to overcome an unexpected obstacle.

3

STASHED IN:

105

Pessimism has its limits. When it comes to investing in your future, you should be an optimist. If people try to get better at solving the recessions, panics, and wars, the long-te...

3

STASHED IN:

109

Deepstash helps you become inspired, wiser and productive, through bite-sized ideas from the best articles, books and videos out there.

GET THE APP: