Most Personal Finance Mysteries Solved
This isn’t Jae’s Pity Party (perhaps that should be the rightful name of this newsletter).
Anyways, financial misunderstanding starts from the very beginning.
People abuse words and language which may look and feel the same, but are very different. Yes, I am aware that money is not the only topic where this exists.
People are fooled by randomness. They have what snotty academic people call “Confirmation Bias.” In other words, “See it worked, I was right” is a logic that people actually use when they don’t fully understand actual principles. When the actual principles appear, the narrative becomes “in the long run…” or “it was random.”
Book #2 will attempt to undo these (good luck to me on that, very uncertain).