No matter how much success a trader has had in the past, it is always important to remain humble.
This episode of the Optimus Future Podcast touches on the Monopoly Experiment which was conducted at the UC Berkeley campus. The experiment involved the secret recording of multiple rigged games of monopoly in which one randomly-chosen player in a randomly selected group was given certain advantages over others.
We discuss how this experiment applies to traders and how success can lead to arrogance, which in turn, can potentially lead to failure down the line due to false confidence.
