She has never met a homeless person in her life. https://t.co/2sKwo2gFTg
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This is basic econ logic, the marginal utility of a dollar gradually decreases as you get richer which means that it makes sense for people on the left hand edge of the chart to be extremely risk averse
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For a millionaire, a sudden market downturn cutting their net worth in half is a temporary storm they can ride out For someone whose life savings amount to only a few hundred dollars, this is catastrophic
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Yeah I become extremely wary when anyone starts talking about investment advice in terms of "psychological" (imaginary) benefits
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