A.J. McMahon

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When you take a gamble, do you say: “My net worth will end up at $99,000 or $101,500 after the gamble” or do you say “I lose $1,000 or make $1,500?” Your attitude toward the risks and rewards of the gamble will vary according to whether you look at your net worth or changes in it. But
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto, #1)
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