"Is the risk of not owning bitcoin too great right now?"
"It is not by chance that the European aristocracy went into business once heroes and warriors went out of style."
- René Girard, Battling to the End, 2009.
#philosophy #business #violence
"The first in valour, as the first in place: That when, with wondering eyes, our martial bands Behold our deeds transcending our commands, Such, they may cry, deserve the sovereign state, Whom those that envy dare not imitate! Could all our care elude the gloomy grave, Which claims no less the fearful than the brave, For lust of fame I should not vainly dare In fighting fields, nor urge thy soul to war; But since, alas! ignoble age must come, Disease, and death's inexorable doom; The life which others pay, let us bestow, And give to fame what we to nature owe; Brave though we fall, and honoured if we live, Or let us glory gain, or glory give!"
- Sarpedon, The Iliad of Homer: Book XII, Translated by Alexander Pope.
Why do some people experience loss aversion and how does it affect their investment decisions? #psychology #economics #investing
"One of them, a grave and very sensible man, told me he was convinced they were in the wrong; that it was not the part of wise men to give up themselves to their misery, but always to take hold of the helps which reason offered, as well for present support, as for future deliverance; he told me that grief was the most senseless insignificant passion in the world, for that it regarded only things past, which were generally impossible to be recalled or to be remedied, but had no view to things to come, and had no share in any thing that looked like deliverance, but rather added to the affliction than proposed a remedy; and upon this he repeated a Spanish proverb, which though I cannot repeat in just the same words that he spoke it, yet I remember I made it into an English proverb of my own, thus;
In trouble to be troubled,
Is to have your trouble doubled."
- Robinson Crusoe, Daniel Defoe, 1719.
Hello World !!!
#bitcoin #grownostr #miami #investing
#money
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