1. Outcome bias. Just because a decision didn't pan out doesn't mean it was a bad decision at the time it was made. 2. Rich/successful people have a bias for b

1. Outcome bias. Just because a decision didn't pan out doesn't mean it was a bad decision at the time it was made. 2. Rich/successful people have a bias for big bets because big bets are how they got this far. 3. People get less sharp as they get older but are more confident because of the successes of their youth.