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1. Having more of something - gives one the tolerance to lose some of it without feeling the pinch. 2. Again - the ability to take risks increases - this is on
by jezclaremurugan 8y ago
1. Having more of something - gives one the tolerance to lose some of it without feeling the pinch.
2. Again - the ability to take risks increases - this is one reason the rich get richer - they can make riskier investments while the poor can't make such bets
3. People with more to lose - are the people who lose a greater percentage of their savings - a rich person losing $1000 vs a poor person losing $1000 - a poor person loses more
- sixstringbudha 8y agoI am talking about prospect of losing everything. Not some of it...
- antidesitter 8y agoBut the probability of loosing your life savings is greater if you’re poor (since the quantity is smaller), so you have more to worry about.
- sixstringbudha 8y agoBut loosing a million bucks is going to hurt much more than losing 100 bucks. Apart from that, it is much easier to sit on 100 bucks, not doing anything with it, than to sit on a million dollars. Doing nothing with money is less worrisome than taking risks with a lot of money..