The Motley Fool Discussion Boards

Previous Page

Politics & Current Events / Retire Early CampFIRE

URL:  https://boards.fool.com/otter-states-but-that-said-avoiding-being-to-18349983.aspx

Subject:  Re: Am I naive? Date:  12/29/2002  1:59 PM
Author:  galeno Number:  88053 of 888931

otter states:
But that said, avoiding being to confident generates what I call a "questioning attitude". Which is quite a bit different than "worrying"...

You can "question yourself" into the old folks home <grin>. Say you're 40 and expect to live until 90. That means you have 18,262.5 days left of life. Each passing day represents a larger percentage of your life starting at 0.0055%. How many of those "days" do you want to spend reducing your 1% probability of failure by 50%.

I don't know about the rest of you, but IMHO, there is a reverse "time-value" of life in operation here. This means that each youthful day (today) is worth more than each "old-age" day (tommorrow).
Copyright 1996-2022 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us