Looking at past outcomes to evaluate investment decisions is not easy for a human to grasp. We tend to have an illusion of control bias, where we overestimate our influence on outcomes. This can be particularly dangerous when it comes to investing.

Referenced in this video:
How Much Can I Spend In Retirement? - https://www.amazon.com/dp/B076J4NBBZ/
Does Past Performance Matter? The Persistence Scorecard - https://www.spglobal.com/spdji/en/doc...

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