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Surprise surprise, people are not perfect emotionless economic units! I don’t think it’s a good look for the “Director of Institutional Asset Management at Rit
by egypturnash 4y ago
Surprise surprise, people are not perfect emotionless economic units!
I don’t think it’s a good look for the “Director of Institutional Asset Management at Ritholtz Wealth Management” to call perfectly sensible decisions by people whose net worth is many orders of magnitude smaller than his “dumb” just because he can afford to pass up a guaranteed million.
- compiler-guy 4y agoHe didn’t call them dumb. He called them wise, in spite of their decisions going against a simplistic expected value analysis.