The Phaserl


Three Risks We Face

by Adam English, Outsider Club:

Let’s face it, we all know ringing in a new year is kind of pointless.

Pick any day other than the first of January, call it the start of a new year, and nothing would really change.

We don’t sell off all our shares, actually realize whatever gains or losses we see “on paper”, and start from scratch. Everything just keeps on moving along.

However, the way we react when a new year starts does matter, and the idea of ending one thing and beginning another — even if it is arbitrary — has a definite effect on how we think.

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