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In June, I wrote in LJ that it would be a good idea to short Russian Ruble, but I didn't do anything after it. If I did, I'd look like a financial genius. Nevertheless, something prevented me from executing on the right idea. What was it?
I think it was my "natural" tendency to assign a low probability to the worst case scenario. Well, in the Russia's case the reality turned out to be even worse than the worst scenario.
I think it was my "natural" tendency to assign a low probability to the worst case scenario. Well, in the Russia's case the reality turned out to be even worse than the worst scenario.