109 sats \ 3 replies \ @Undisciplined 31 Mar \ on: Discuss this Quote- Miguel de Cervantes BooksAndArticles
Yea! I get to be the dissenting voice.
What you're observing is the right tail of the distribution. This is called "survivor bias".
Putting all your eggs in one basket is a high variance strategy, so both tails of the distribution are over represented by it: i.e. if you look at the people who lost the most money, they too put all their eggs in one basket.
Economics was my favourite subject in junior college. My civics tutor wrote that I took to it like a duck to water!
However, I took up a teaching scholarship n pursued Chemistry n Linguistics in college. I like how you are rekindling my affinity for Econs.
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What's nice about not majoring in econ is that pretty much everything worth learning you have to learn on your own anyway.
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Agreed it also works the other way. Concentration leads to the biggest losses too.
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