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re: Dennis Prager on why poverty does NOT cause crime
Posted on 11/18/14 at 1:37 pm to SlowFlowPro
Posted on 11/18/14 at 1:37 pm to SlowFlowPro
quote:
this makes simple things like education magnitudes more important, and the costs of rejecting education are worse today
One of the ugly aspects of social darwinism is that the margin of error is so small, particularly in today's environment.
A whole slew of good decisions can be overwhelmed by a single terrible one. The opposite is not true - i.e. 1 great decision is going to have a much tougher time overwhelming a lifetime of bad ones.
So, you have to be balancing risk reward even in small things, unfortunately. Most people live in the now, and, therefore, do not consider planning for the future rewarding at all, esepcially if they have neither been raised to think that way nor seen it work in practice.
This post was edited on 11/18/14 at 1:38 pm
1
Posted on 11/18/14 at 1:41 pm to Ace Midnight
i spent my first night being social with friends on a weekday in forever out last night. some of my friends are getting into tehir first investment plan thing. i have no part of it, but i was really happy to see them trying something. i did have to tell them that even if it doesn't work out, they'll learn a great deal, blah blah
i'm lucky that my big learning experience failure was an international sports website that i lost only like a grand (and time). lesson learned (don't attempt to start a website with 14 investors from various countries solely b/c you know 1/3 of them from the internet)
i'm lucky that my big learning experience failure was an international sports website that i lost only like a grand (and time). lesson learned (don't attempt to start a website with 14 investors from various countries solely b/c you know 1/3 of them from the internet)
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