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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.39+0.5%Dec 9 4:00 PM EST
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To: TobagoJack who wrote (121253)8/6/2016 6:22:55 PM
From: Elroy Jetson1 Recommendation  Read Replies (3) of 218304
 
îThe history of pilot suicides is certainly longer than the official list due to the sparse flight data recorded by black boxes in the early years of aviation.

In 1976 and 1979 pilots flew empty aircraft into buildings where their ex-wives lived, killing many of the residents. The 1976 incident occurred in Russia, the 1979 incident in Columbia. But more incidents have involved aircraft filled with passengers. Two in the US in the 1950s were strongly suspected as suicide but publicly blamed on "pilot error" to avoid worrying the public.

Silk Air 185 in 1997 clearly resulted from the captain turning off the flight recorders then putting the plane into a steep dive. But Indonesia never accepted this is what occured on the Jakarta to Singapore flight.

The most recent pilot suicide was 27 year old Andreas Lubitz flying Germanwings 9525 from Barcelona to Deusseldorf killing all 150 people on board by deliberately flying into a mountain range.

Of course living in Hong Kong your media gives far more coverage to the earlier MH-370 because it involved Chinese citizens.

Take these infrequent unrelated pilot suicides combined with other unrelated events and it is easy for humans to think they see a number of patterns which don't actually exist. That's how our minds work. Even our vision works this way with "optical illusions" leading us to see things which don't actually exist in the drawing.

Investing well benefits from frequent "reframing" where you look at alternate resolutions to explain the data you know about. We vetted projects at Chevron this way and it's ruthless. But the results are projects which perform well in all types of environments.

The biggest cause of investment losses is holding onto a false narrative which lead us to make decisions disconnected from the real world, responding only to the few facts which match our preferred story.
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