Human beings seem to have a real problem with the idea of risk. We can’t get it into perspective. We worry about the wrong things and the wrong dangers. It’s a massive problem for investors, and it’s a problem in other parts of our lives. The modern world of the media makes it worse, too.
Just look at this week.
I am writing this from Boston.
Monday’s bombs went off a short walk from where I live and work. The president, governor and mayor spoke Thursday at an interfaith church service here in town designed to help us heal from the trauma. In the hours following, and in rapid succession, the FBI released images of the suspects, and a chaotic series of events left an MIT campus security officer dead, one suspect reportedly dead, and the city on lockdown as a massive manhunt got underway in the suburb of Watertown, Mass., and its environs.
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