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by jannotti
2310 days ago
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I thought that was a strange takeaway for the article to take. His analysis was correct. He was undone by a factor he didn't even contemplate. His confidence in his "analysis" was spot on. There's definitely a lesson here, but I would not call it over-confidence. If the bank had gone under, would that have been called over-confidence on the part of his friend? At some point, every mistake of any kind whatsoever is called "over-confidence". |
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