How do experts win money? Without fear, there is no hope (2)
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Spinoza said, "Without hope, there is no fear, and without fear, there is no hope
Human fear is the measuring instrument for our insight and understanding of this world, as well as the compass for our actions. Fear is a part of the prediction system.
The statement that 'skilled people have courage' may not be true. The higher the level, the more able they are to perceive risks and fear. A master is not without fear, but can take a rational step even in times of fear.
As Catherine Ryan once said, "Recklessness often appears in the name of bravery, but it is another matter and not a virtue; bravery comes directly from prudence, while recklessness comes from foolishness and assumption.
Courage without fear is not trustworthy.
Investment is intertwined with desire, wisdom, greed, patience, and fear.
Pascal had long discerned the fallacy of human fear:
Fear of death beyond danger, but not when in danger. This is what is called a person
A bear market is scary, while a bull market is the main cause of losses for ordinary investors. The worst loser is often the chance to win with certainty.
Rich people think that stable things suddenly collapse;
The poor are always in and constantly emptied.
It is rumored that the book "The Art of Logic or Thinking", written by Anthony Arnault, the "smartest theologian of that era," mentions that the probability of being struck by lightning is extremely low, but "many people are terrified at the sound of thunder. The author immediately asserts that:
The fear of suffering harm should be proportional to two factors: the severity of the harm and the probability of the event occurring
Fear may arise from the unknown, but fear should not only be driven away by deterministic knowledge and science.
Probability allows us to re understand fear and risk, and can also help us calculate and cope with the true level of terror in the real world. Some of them are overestimated by us, while others are underestimated.
And probability weight is often hidden between "imagined fear" and "actual fear".【make money,Google,guessing competition,】