The problem with being bearholed is that you perceive all information as negative even when it doesn't have to be


Unbothered optimists will buy assets they like at prices they consider decent enough and enjoy life
Pessimists will worry about the economy and macro and never consider that things will get better when bad situations get priced in very quickly and aggressively
This causes you to stay sidelined forever because "imagine how bad it is bro, can you even imagine?"
Optimize for regret minimization
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