“So long as we trace the development from its final outcome backwards, the chain of events appears continuous, and we feel we have gained an insight which is completely satisfactory or even exhaustive. But if we proceed in the reverse way, if we start from the premises inferred from the analysis and try to follow these up to the final results, then we no longer get the impression of an inevitable sequence of events which could not have otherwise been determined.” FateResearchAnalysisHindsightDeterminismHindsight Bias Book:Beyond the Pleasure Principle Source: Beyond the Pleasure Principle
“Short-cuts are timesavers for a reason: they omit details that can differentiate a profitable decision from one that you regret.” RegretDecision MakingProfitableBehavioral FinanceUnbiased Investor QuotesHindsight BiasBehaioural Finance Book:Unbiased Investor: Reduce Financial Stress and Keep More of Your Money Source: Unbiased Investor: Reduce Financial Stress and Keep More of Your Money