This seems to apply to more than investing. It's why it's better to be a foolish-seeming optimist than a clever cynic.
"The biggest wins are almost always long. 100→1 is tougher for compounding than 1→100." – Evan Goldfine
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If the optimist is right, he gets the further advantages of applying the idea. The cynic only gets to say "I told you so."
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agree: that said, if you want to understand the pov of a "good" short seller: Chanos. https://ftalphaville.ft.com/2016/04/25/2160002/podcast-jim-chanos-on-the-art-of-short-selling/ …
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optimists have unlimited upside (call option) whereas pessimists have capped (put). Why call options price higher than puts.
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nah. I've been called a pessimist and cynic by others as well. It's not just a label I've chosen.
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optimists go and grow with life in general, pessimist go and win on specific growth failures, which are destructive but scares!
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Sure, but not nearly as often. You've already run through the possibilities.
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So the vast majority of the time you either are mentally prepared, or you get to be pleasantly surprised.
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I'm not even sure what it corrected. There shouldn't be a word there at all. XD
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Nah. There's a thrill to uncertainty. That's part of why games are fun, for example. They'd be boring if predictable.
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