Quote:
Originally Posted by MetroMPG
A friend of mine freely admitted she would rather "feel" secure by having cash on hand earning ~1% even though she also had many thousands owing (not counting mortgage debt) on a line of credit at ~5%.
She understood the argument for paying down the debt with cash on hand, but wouldn't do it.
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I wish I had something to sell your friend to make her feel safer.
Some people work for their money, and others make their money work for them.
Quote:
Originally Posted by Xist
A friend made a big deal out of moving into a gated community, although as far as I know, the gates are kept open. I told her an apartment manager told me gated communities create a false sense of security. My friend effectively told me "It works!"
(she actually said something like "I still feel safer!")
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I always wondered how commercials could be profitable, because they are almost entirely lost on me. In fact, I tend to avoid the companies that heavily advertise because I don't want to subsidize the advertising.
The fact is, most of us (people in general) make decisions based on emotion rather than reason.
It seems as if humanity is getting worse in their decision making. Commercials used to run longer, and describe some of the technical aspects of the product being sold. Now we get a commercial showing the new Prius in a police chase, with no information given at all.
We also have a financial advertisement showing dimwitted robots as an analogy of how unwise it is to rely on computer logic to manage investments compared to humans. The truth is, it's the "robot" logic that makes the few big firms that employ them billions of dollars, meanwhile the general public pays for actively managed portfolios that perform no better than the market average.
Somehow our culture has placed perception above reality. I think the majority of people would choose
the blue pill from The Matrix rather than the red pill. It's easier to
feel good than to
be good.