Also for all the people who talk about pirate being a ponzi, just remember that, we as individuals are limited by our own intelligence. It allows us only to 'digest' whatever is within our own limited capacity to understand.....we only have the ability to think within our mind, if someone else is smarter, they just are....like pirate is....
This is an interesting and very true statement. It means that I have to consider the weakness of my own brain when I try to manage my investment risk. The human brain is generally weak and full of systematic flaws. There is some very interesting, recent research on this.
One of the more fundamental flaws is that emotions, like strong wishes and strong fears, impede rational thinking. When we fervently wish for something to be true, our rational judgment and reality check is clouded, if not entirely switched off.
Another basic flaw of the human brain is its general tendency for self-overestimation.
..you can´t really wish for, that he argues
