“People often misread an event or circumstance as an adversity or setback. The problem is that we tend to judge events on the basis of their immediate impact, but, as life repeatedly teaches us, the long-term consequences of an action can be quite different from what we initially observe. The bad is superficial and obvious; the good often takes investigation and long-term observation. It’s important to recognize that the true result of an event may take a long period of time to come to fruition. Thus, misfortune and setbacks are frequently nothing more than illusions, which is why we so often fail to connect the long-term benefits to the seemingly negative situation that confronts us.”
http://robertringer.com/the-illusion-of-misfortune/
Related posts:
The Imaginary Trial of Dietrich Schmoller
Cheating to Learn: How a UCLA professor gamed a game theory midterm
The Grand Experiment Part 2: Unlimited State Creation of Credit and Cash
The Corruption of Capitalism in America Excerpt: Chapter 17, Serial Bubbles
David Galland: The True Import of the Boston Bombings
The safest place in the world
Wendy McElroy: The Competitive Provision of Security
Snowden leaks: the real take-home
The Goodfellas of Wall Street
Sheldon Richman: Truman, A-Bombs and the Killing of Innocents
No, thanks: Stop saying “support the troops”
Mises on the Robotics Revolution
Ron Paul: Legalize Competing Currencies
Desert Storm Anniversary Reminds Us That Even Victorious Wars Are Problematic
James Bovard: Hey, wait a minute, Trump's fear-mongering isn't new