Why Investor Optimism is Rare but Rewarded
Investors often find it more natural to be pessimistic. After all, with one's hard-earned savings on the line, it's hard not to focus on what can go wrong. This is made worse by the vast number of negative events and attention-grabbing headlines every day. In contrast, real progress tends to happen slowly - often at a barely perceptible pace. Even so, this drives the stock market higher over the course of years and decades.