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Kiplinger
Kiplinger
Business
Jared Elson, Investment Adviser

Are You Investing to Score Points or Make Money? Cautionary Tales From an Investment Adviser

(Image credit: Getty Images)

It's human nature to notice a history of successful outcomes in risky situations and assume the outcome of that situation will therefore always be successful.

It's risky to run a red light, but if you do so and don't crash, you're more likely to do it again because you were rewarded by not having to wait at the stoplight. The more red lights you run without crashing, the more comfortable you will feel running those red lights.

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