Rational people make better investors. I’ve just never met any

Porter Stansberry

My partner Bill Bonner is fond of saying the head is the heart’s dupe. People believe they make rational decisions, but they don’t. They make decisions guided by emotion and then justify their decisions with logic. Or as Bill also likes to say, “Rational people make better investors. I’ve just never met any.”

Brian Hunt, my friend and the Editor in Chief of my publishing company, says the No. 1 rule in life is that people do crazy things all of the time. “You shouldn’t let it surprise you when someone does something really stupid or even crazy. It happens all of the time.”

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