When directly compared or waited against each other, losses…
When directly compared or waited against each other, losses room larger than gain. This symmetry between the power of positive and negative expectations or experiences has an evolutionary history. Organisms that treat threats as more urgent and opportunities. Have a better chance to survive and reproduce.
— from The Flight Plan (Purpose/Wisdom/Risk) · The Psychology of Money By Morgan Housel
In the book
The second is never filing a plan at all, usually out of fear, and dressing the avoidance up as patience. We are wired to overweight what we might lose: losses loom far larger in the mind than equivalent gains, and that loss-aversion quietly talks us out of the very risks a real destination requires. The perfectionist's version is to insist on getting every duck in a tidy row before taking off — but the row never comes, and the waiting is itself a decision. — The Flight Plan (Purpose/Wisdom/Risk)
Also belongs to
- The Heart in the Cockpit (Emotion/Awe/Anxiety/Regret/Empathy)
- Expanding Your Range (Growth/Change/Education/Learning/Habit)