
511- ROMA 50
Tangentially Speaking with Christopher Ryan
Getting Up From the Table, Losing It All
Hope is thi what's o called thee sunk cost bias. It's where someone who has already lost a bunch of money is much more reluctant to save whatever's left. If things need to get worse before they get better, then the closer we get to total collapse, the closer we are to improvement. So in that sense, i often say like i'm an optimist wrapped up in a pessimist package, with optimism on top, wrapped up.
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