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    Collaborative FundMorgan Housel12/3/207 min
    2 reads1 comment
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    Collaborative Fund
    2 reads
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    • deephdave
      Top reader of all time
      1 year ago

      The optimism bias protects us from accurately perceiving the pain and difficulties the future undoubtedly holds, and it may defend us from viewing our options in life as somewhat limited. As a result, stress and anxiety are reduced, physical and mental health are improved, and the motivation to act and be productive is enhanced. In order to progress, we need to be able to imagine alternative realities—not just any old realities, but better ones, and we need to believe them to be possible.