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The Greatest Gambler's Fallacy

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Publish date: Mon, 05 Sep 2016, 07:40 AM
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"The stock market is a device for transferring money from the impatient to the patient " by Warren Buffet.
What is the 'Gambler's Fallacy' The gambler's fallacy is when an individual erroneously believes that the onset of a certain random event is less likely to happen following an event or a series of events. This line of thinking is incorrect because past events do not change the probability that certain events will occur in the future. For example, consider a series of 20 coin
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