The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated (Heilbrunn Center for Graham & Dodd Investing Series)

by Gautam Baid

A premortem is an investigation of a bad outcome, but before it happens. We tend to bask in an optimistic view of the future and overestimate the probability of favorable outcomes. A premortem tempers this innate bias.