As Paul wrote."We see through a glass darkly".
It is so in all walks of life but especially in investing and all major life decisions that we base our decisions on the best information that we have and as Soros says, the market is usually wrong and so are we.
This leads to consistently bad decisions.
however we hope that we more often than not we are lucky. Skill plays such a small role. Certainly a smaller role than arrogance.
The only possible afeguard is the passive investment cash flow and even that is dicey. But preferred's take away some of that risk
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