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> You cannot sell it in panic, the technology is protecting you from your own psychology. I know this is tongue-in-cheek, but I honestly believe this is the re
by dcolkitt 5y ago
> You cannot sell it in panic, the technology is protecting you from your own psychology.
I know this is tongue-in-cheek, but I honestly believe this is the reason owner occupied housing is a more reliable form of middle class wealth accumulation than liquid financial assets. Most of our risk aversion is psychological, rather than economic. We really dislike seeing red numbers, even if our investment horizons make day-to-day swings largely irrelevant.