[freebeard]

I need a drop box where I can store aphorisms and such like. An example from www.pon.harvard.edu/daily/business-negotiations/how-to-avoid-the-winners-curse/

Auctions pervade our world, from mergers-and-acquisitions deals and procurement auctions to eBay. To avoid becoming the next victim of the winner’s curse, follow these three guidelines:

• Analyze whether the asset has a common value element. A common value asset, like a jar of coins, has equal value to all bidders. If so, bid with caution.
• Assess your capabilities and compare them with those of other bidders.
• Before placing each bid, pause to consider how you would feel if you won the auction.