Comments on: The Lost Money Fallacy

By: dude (billy)

dude (billy) — Sat, 06 Dec 2008 21:02:37 +0000

i see a lot of what you describe in ex 1 with assets.

People are so ignorant and irrational they buy something and know nothing of the value.

Anyone can tell you price, only the prudent tell you value. Same with tickets I guess, you must think of what you are paying for and its value BEFORE you buy it lol.

good stuff

By: Claire

Claire — Tue, 02 Dec 2008 14:48:21 +0000

Thanks, glad you understand. The whole concept is very counter-intuitive, so a lot of people just take one look at it and tell me it’s stupid. Really, they’re the ones who don’t understand the main concept of how previously lost money should not affect future decisions.

By: Rockr

Rockr — Tue, 02 Dec 2008 05:46:23 +0000

Awsome dude…. the examples are really true…
you may not understand that in 1 go but if u will try… u shall undersatnd the actual meaning..
thanx dude..