Then the crash came. Not a 2008 crash. A small, stupid crash. A single regulatory tweet about Brazilian fintech. His leveraged position detonated. The margin call arrived at 2 a.m.
By dawn, Arjun had lost not just the 5% original bet, but 18% of his entire fund—wiped out because he had chased a phantom. Paranin Psikolojisi - Morgan Housel
Arjun smiled. Goalpost moving , he thought. Classic. Then the crash came
He felt the click. That tiny, dangerous reward circuit in the brain. He doubled the bet. A single regulatory tweet about Brazilian fintech
But what if the lack of luck was its own risk? What if being too safe was just slow bankruptcy?
"I’m competing with math," he snapped. "My safe returns can’t beat his lucky returns. So I’ll make my own luck."
And for seven years, it worked. His investors were happy. His wife, Meera, was happy.