Most purchases aren’t logical. They’re psychological. You don’t want the watch because of the mechanics. You don’t want the bag because of the leather. You want the person you saw wearing it. This is mimetic desire. We don’t desire objects directly. We desire them because someone we admire already has them. The object becomes a shortcut to an identity. That’s why expensive purchases feel emotional, not rational. You’re not buying a product. You’re trying to borrow confidence, status, or...
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Most purchases aren’t logical. They’re psychological. You don’t want the watch because of the mechanics. You don’t want the bag because of the leather. You want the person you saw wearing it. This is mimetic desire. We don’t desire objects directly. We desire them because someone we admire already has them. The object becomes a shortcut to an identity. That’s why expensive purchases feel emotional, not rational. You’re not buying a product. You’re trying to borrow confidence, status, or...
Ep.357 The Math Trap That Quietly Destroys Portfolios
Good Morning, Money!
2 minutes
4 weeks ago
Ep.357 The Math Trap That Quietly Destroys Portfolios
There’s a lie buried deep in investing conversations: average returns. Lose 50 percent one year. Gain 50 percent the next. Sounds like you broke even. You didn’t. You’re still down 25 percent. Losses don’t cancel out gains. They compound against you. The deeper the drawdown, the more brutal the math becomes. A 50 percent loss doesn’t need a 50 percent recovery. It needs a 100 percent gain just to get back to zero. This is why boring beats exciting. A portfolio that avo...
Good Morning, Money!
Most purchases aren’t logical. They’re psychological. You don’t want the watch because of the mechanics. You don’t want the bag because of the leather. You want the person you saw wearing it. This is mimetic desire. We don’t desire objects directly. We desire them because someone we admire already has them. The object becomes a shortcut to an identity. That’s why expensive purchases feel emotional, not rational. You’re not buying a product. You’re trying to borrow confidence, status, or...
