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NOTHING IS PERMANENT EXCEPT CHANGE

"Optimism is the engine of capitalism," Dr Kahneman said. "Overconfidence is a curse. It's a curse and a blessing. The people who make great things, if you look back, they were overconfident and optimistic - overconfident optimists. They take big risks because they underestimate how big the risks are."

But by studying only the success stories, people are learning the wrong lesson.

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