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Daily Archives: October 6, 2019

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  4. 06

The Bias That Can Cause Catastrophe

Trading PsychologyBy Chris TateOctober 6, 2019

The outcome bias erodes your sense of risk and makes you blind to error, explaining everything from fatal plane crashes to the Columbia crash and the Deepwater Horizon oil spill. More here – BBC

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What Really Happens When You Become an Overnight Millionaire?

Aspiration, Trading PsychologyBy Chris TateOctober 6, 2019

Peter Rahal, the 33-year-old energy bar impresario who sold RxBar to Kellogg for $600 million and became something of a consumer products legend in the process, stands in the gigantic, spotless kitchen of his new Miami Beach mansion. Behind him, floor-to-ceiling windows revealed his pool, his outdoor bar, and Sunset Harbour. Throughout the house are…

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