Adaptation Seems To Be, To A Substantial

The Effort Invested In 'getting It Right' Should Be Commensurate With The Importance Of The Decision.

Unfortunately, Skill In Evaluating The Business Prospects Of A Firm Is Not Sufficient For Successful Stock Trading, Where The Key Question Is Whether The Information About The Firm Is Already Incorporated In The Price Of The Stock. Traders Apparently Lackthe Skill To Answer This Crucial Question, But They Appear To Be Ignorant Of Their Ignorance.

I Would Be Wary Of Experts' Intuition, Except When They Deal With Something That They Have Dealt With A Lot In The Past.

The Conclusion Is Straightforward : Self-control Requires Attention And Effort.

Courage Is Willingness To Take The Risk Once You Know The Odds. Optimistic Overconfidence Means You Are Taking The Risk Because You Don't Know The Odds. It's A Big Difference.