Far more probability estimates are wrong on the “over-optimistic” side than the “under-optimistic” side. You’ll rarely read about an investor who aim… - Shane Parrish

" "

Far more probability estimates are wrong on the “over-optimistic” side than the “under-optimistic” side. You’ll rarely read about an investor who aimed for 25% annual return rates who subsequently earned 40% over a long period of time. You can throw a dart at the Wall Street Journal and hit the names of lots of investors who aim for 25% per annum with each investment and end up closer to 10%.

English
Collect this quote
Try QuoteGPT

Chat naturally about what you need. Each answer links back to real quotes with citations.

Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.

Additional quotes by Shane Parrish

PREMIUM FEATURE
Advanced Search Filters

Filter search results by source, date, and more with our premium search tools.

When things happen in accord with our view of the world we naturally think they are good for us and others. When they conflict with our views, they are wrong and bad. But the world is smarter than we are and it will teach us all we need to know if we’re open to its feedback — if we keep our feet on the ground.

Loading...