Optimists might make the most but pessimists avoid blowing up due to overconfidence.
@BillBrewsterTBB Confidence level not necessarily related to optimism/pessimism Imo one needs to balance optimism and pessimism/skepticism. Too much of either usually leads to overconfidence, which can be very costly
@BillBrewsterTBB I disagree.. this assumes pessimists are wrong at the right time .. a broken clock is right twice a day.
@BillBrewsterTBB You don’t need to be a pessimist to avoid over confidence. Quite a few pessimists have blown up shorting stocks. Overconfidence can inhibit pessimists as much as optimists.
@BillBrewsterTBB Ya but that fact only matters to a pessimist.
@BillBrewsterTBB Pessimists blow up all the time too. If you held short term treasury bills for the last 5 years, you blew up.
@BillBrewsterTBB Love this from Charlie: we have been successful by avoiding being stupid. Paraphrase but that’s something he said several times.
@BillBrewsterTBB You had me at, "most." 🤷