The biggest challenge we face at our firm is contending with the self-destructive aspects of human nature… Classical economics is predicated on the notion that people are rational beings. Most people believe this is at least approximately true. After millions of dollars invested in marketing and thousands of conversations with people from every socioeconomic strata, I can tell you this statement is patently false. Regardless of whether you’re dealing with Fortune 500 CEOs, heads of state, or working-class citizens, rationality is the extreme exception, not the rule.
Truth..I am Grateful for your information…I am learning as much as possible about risk adjusted returns.