STE's Stocks Investing Journey

What is the 'Gambler's Fallacy' image credit to lanieshope.org The gambler's fallacy is when an individual erroneously believes that the onset of a certain random event is less likely to happen following an event or a series of events. This line of thinking is incorrect because past events do not change the probability that certain events will occur in the future.

According to Wikipedia: I'm OK – You're OK     is a 1969   self-help   book by   Thomas Anthony Harris . It is a practical guide to   transactional analysis   as a method for solving problems in life. The book made the   New York Times   Best Seller list   in 1972 and remained there for almost two years. It is estimated by the publisher to have sold over 15 million copies to date   and to have been translated into over a dozen languages.