‘The Better Bet’
Mr. Housel calls this “the seduction of pessimism in a world where optimism is the most reasonable stance.” People are naturally attracted to stories about doom. This is not new, and it’s especially true when it comes to money. The irony is that optimism is regarded as naive although it has consistently been the better bet.
If there is any cognitive bias that I have seen destroy a person’s potential more than any other, it’s this one. A belief in the future negative.