Decisions Made in Abundance are Generally Bad

"Decisions Made in Abundance are Generally Bad"
- Charles Hugh Smith

The worse decisions seem to occur when the times are best. Why? Because things go in cycles. Good times are always followed by bad times. Why? Because the decision one makes when the times are good are a great contributor to creating the bad situation.

People tend to overspend or overestend themselves during good times. This leads to a decline or a sharp collapse. Then they buckle down and are forced to make better decisions during the bad times  - leading to more good times.

The crafty are aware of this devious cycle and make the prudent decisions when the times are the best.