When Conviction Is Worth the Risk
โThe surest wayโ is often the least sexy - the most boring.
Compounding meagre savings for the next 40 years? Ew. Gross. Investing in an NFT could go to the moon tomorrow? I can't miss this ship ๐๐.
I don't mean to mock - it's true that many who enter an emerging market while it's nascent can reap unfathomable rewards.
But that's only true for those who are lucky, or those who play their cards wisely. The reality is, humans often don't.
We rarely make the wise decision even when the answers are in front of us. โIllogical decisionsโ can be very rational. Rationalization is the part we're good at.