Gambler’s Fallacy

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Gambler’s fallacy (aka: sunk cost bias), the failure to reset one’s expectations based on one’s current situation. For example, refusing to pay again to purchase a replacement for a lost ticket to a desired entertainment, or, refusing to sell a … Continued

Good Stuff: Project Success

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I love when things work out. And I also love seeing people doing good things for the younger generations. (Instead of complaining about “kids these days,” why not do something to help them see *the way*?) There is a program … Continued

Disconnected Connectedness

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A friend on facebook had been posting really depressing stuff on facebook, so finally a few people spoke up: “Hey man, I’m here for you” “Do you need to talk about it?” …that sort of stuff. And his only response … Continued

The Definition of Wealth Maximization

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A process that increases the current net value of business or shareholder capital gains, with the objective of bringing in the highest possible return. Wealth maximization strategy generally involves making sound financial investment decisions which take into consideration any risk … Continued