Historian Will Durant's observation that "logic is an invention of man and may be ignored by the universe" — and why the gap between what's happening and what should happen drives so much bad decision-making.
Tejas Shah
Proprietor of Silicon One and Silicon Systems, AMFI-registered Mutual Fund Distributor since 2004, based in Vadodara.
A lot of things don't make sense. The numbers don't add up, the explanations are full of holes — and yet people keep making decisions that seem to defy logic, over and over. Historian Will Durant once said, "logic is an invention of man and may be ignored by the universe," and markets often prove him right, which can be maddening if you expect the world to behave rationally.
A common thread behind everything from divisive arguments to bad forecasting is that it's hard to separate what's actually happening from what you think should be happening — and investors who confuse the two tend to make expensive mistakes.
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