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The point of the anecdote from the book, Psychology of Money is that some financially non-optimal or non-rational decisions can bring peace of mind, which has a
by nickfromseattle 2y ago
The point of the anecdote from the book, Psychology of Money is that some financially non-optimal or non-rational decisions can bring peace of mind, which has a hard to calculate, but real value. The fear of my business being disrupted caused significant amounts of anxiety and an almost crippling helplessness feeling.
I recognize the risk of Nvidia under-performing, but I have a lot less anxiety about that, than what I see as a higher risk of being perpetually unemployed forever.