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I AM RATHER AN EXPERT ON BAD CHOICES. I have made so many over the years,
from unhealthy food choices to postponing exercise (today’s bad choice) and yes, even
regrettable investment choices (sigh).
And then I have observed so many bad choices on the part of my seven teenagers.
(Thankfully, now down to just one, but these days I get to watch my grandkids learn to
navigate the world.) Teenagers have a remarkable ability to make the easy choice today
and postpone the hard and difficult choice until tomorrow. And some of us grow up,
having perfected that ability, making even more bad choices as adults.
I have interviewed hundreds of investors over the years, from small and starting out to
having-arrived billionaires. I am always amazed by the mistakes they make and the
inventive rational they use for having made them.
As a nation and a world, we have made numerous bad choices, taken the easy road,
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