So Branson went to 86.1 kilometers of altitude and Bezos went to 107 kilometres.
This reminds me of the late 1920’s race to build the tallest building in Manhattan.
Walter Chrysler planned an 808-feet tall monument embellished with gargoyles based on radiator ornaments from Chrysler’s cars.
But once a rival publicized a slightly higher structure, Chrysler had his architect secretly build a 185-foot spire which would bring the height of the Chrysler Building to 1,046 feet.
1) Of all the early warning signs that can help prevent investment disasters, one stands out.
COMFORT.
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2) It’s our natural tendency to seek comfort; but in investing, when we tend to get comfortable in our views, feel our portfolio is safe, experience tells us something bad is about to happen.
3) Our comfort zone is a state of mental security where our uncertainty and sense of vulnerability are minimized.