The proper term for this is neglect of probability…
The proper term for this is neglect of probability and it leads to errors in decision making we invest in start up because the potential profit mix dollar signs flash before eyes, but we forget or too lazy to investigate the slim chances of new businesses actually achieving such growth
— from Expanding Your Range (Growth/Change/Education/Learning/Habit)
Also belongs to
Related
- This is great for a capital-intensive business, and the…
- In the silver-mining space, our strongest conviction is about…
- Making the invisible space visible to often our selection…
- I think you make a really important point
- I'm just going to focus on great returns, and…
- We, on the other hand, are constantly multiplying our…