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).