Fooled by Randomness: Life and Markets
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1. According to "Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets," there are two reasons that it might be preferable to monitor the return on an investment rather infrequently. The first is that less frequent checking produces more pleasurable than unpleasurable time in the investor's life. For example, if he checks once every minute, he will have 241 pleasurable versus 239 unpleasurable minutes per day, which totals 60,688 pleasurable versus 60,271 unpleasurable minutes per year-a roughly 50/50 proportion-whereas if he checks once per year, he will only have one bad year versus 19 good years (Taleb). The second is that enjoying a pleasurable experience does not offset the negative emotional an
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Approximate Word count = 492
Approximate Pages = 2 (250 words per page)
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