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Risk and Regret · Collab Fund

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David Cassidy’s last words were, “So much wasted time.”.

David Cassidy’s last words were, “So much wasted time.” What a terrible thing to realize when it’s too late. And I wonder if it’ll become more common as many of us spend our days aimlessly scrolling our phones. Regrets are a dangerous liability because their final costs are often hidden for years or decades. And decisions that are easiest in the short run are often the most costly in the long run. Daniel Kahneman once said an important part of becoming a good investor is having a well-calibrated sense of your future regret. You need to accurately understand how you’ll feel if things turn…

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