Reminds me of one of the items listed in Morgan Housel's recent article;15 Biases That Make You a Bad Investorhttp://www.fool.com/investing/general/2012/10/18/15-biases-t...Hindsight biasOut of literally millions, only a handful of investors truly saw the financial crisis coming. If you disagree with that statement and respond, "No, any idiot could have seen it coming from a mile away," you're suffering from hindsight bias. Only after the fact do all the puzzle pieces make sense. That's why bankruptcies outnumber billionaires.Foolishly yours,blesto
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