In this episode of Success That Lasts, host Jared Siegel discusses the normal path for progress in economics and markets.

“Human beings have a strong and dramatic instinct towards binary thinking — a basic urge to divide things into two distinct groups with nothing but an empty gap in between,” he says.

However, progress in economics exists outside this binary — growth actually persists among loss.

Though we are frequently reminded that, from a regulatory perspective, past financial performance doesn’t guarantee future results, there is wisdom to be gained in examining the past and extracting its actionable insights.

“We must simultaneously hold both our optimism and pessimism; just like we can only learn from the mistakes in life that we actually survive,” he adds.

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