Smart people do stupid things

[briansd1]

I agree with iForget.

The $100k investment is separate from the purchase of the new house.

I would look at:

1/ how long he lived in the $700k house.

2/ how much in total he paid out of pocket to live in that $700k house.

3/ how much that same house would have rented for the same period of time.

4/ Assign a value to the ruined credit rating.

5/ Assign a value to the emotional distress.

6/ Assign a value to the pride and happiness of living in that new house.

7/ Add up everything and see if he’s still positive.

[Arraya]

Bubbles are not some new socio-psychological phenomena. They have been going on for centuries and are very well understood. The reasons are in evolutionary psychology and culture. So it should be no surprise that so many people made stupid gambles. What is stupid is that we keep creating the conditions that allow them to happen given our understanding of the phenomena.

[Arraya]

Bubbles are not some new socio-psychological phenomena. They have been going on for centuries and are very well understood. The reasons are in evolutionary psychology and culture. So it should be no surprise that so many people made stupid gambles. What is stupid is that we keep creating the conditions that allow them to happen given our understanding of the phenomena.

[Arraya]

Bubbles are not some new socio-psychological phenomena. They have been going on for centuries and are very well understood. The reasons are in evolutionary psychology and culture. So it should be no surprise that so many people made stupid gambles. What is stupid is that we keep creating the conditions that allow them to happen given our understanding of the phenomena.

[Arraya]

Bubbles are not some new socio-psychological phenomena. They have been going on for centuries and are very well understood. The reasons are in evolutionary psychology and culture. So it should be no surprise that so many people made stupid gambles. What is stupid is that we keep creating the conditions that allow them to happen given our understanding of the phenomena.

[Arraya]

Bubbles are not some new socio-psychological phenomena. They have been going on for centuries and are very well understood. The reasons are in evolutionary psychology and culture. So it should be no surprise that so many people made stupid gambles. What is stupid is that we keep creating the conditions that allow them to happen given our understanding of the phenomena.

[masayako]

I wouldn’t call him stupid, just greedy.

He tried to take advantage of the housing market with his capital a bit too aggressive. He played with fire & got burned. Oh well. A dime in a dozen nowadays.

[masayako]

I wouldn’t call him stupid, just greedy.

He tried to take advantage of the housing market with his capital a bit too aggressive. He played with fire & got burned. Oh well. A dime in a dozen nowadays.

[masayako]

I wouldn’t call him stupid, just greedy.

He tried to take advantage of the housing market with his capital a bit too aggressive. He played with fire & got burned. Oh well. A dime in a dozen nowadays.

[masayako]

I wouldn’t call him stupid, just greedy.

He tried to take advantage of the housing market with his capital a bit too aggressive. He played with fire & got burned. Oh well. A dime in a dozen nowadays.

[masayako]

I wouldn’t call him stupid, just greedy.

He tried to take advantage of the housing market with his capital a bit too aggressive. He played with fire & got burned. Oh well. A dime in a dozen nowadays.

[sdduuuude]

In my book, the definition of “smart” is “doesn’t do stupid things.”

[sdduuuude]

In my book, the definition of “smart” is “doesn’t do stupid things.”

[sdduuuude]

In my book, the definition of “smart” is “doesn’t do stupid things.”

[sdduuuude]

In my book, the definition of “smart” is “doesn’t do stupid things.”

[Author]

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