Gambler Fallacy

A fallacy is a shortcut with a pothole in it. Gambler Fallacy is one of the busier potholes on the road of reasoning.

The error is seductive because it imitates a virtue. It sounds like loyalty, or confidence, or common sense. But follow it home and you find it lives in a house with no foundation.

Watch a master carpenter teach an apprentice. He does not lecture; he lets the boy hold the wrong end of the saw until the wood itself becomes the teacher.

Learning is the one wealth that survives every partition of fortune. Tomorrow will provide the test. It always does.