Here’s the story of a real maniac, that has influenced me as much as the undoing project. If you study the history of this firm And it’s regulators, it is a poster child for Behavioral Corrosion and Behavioral Economics. These are people’s retirement assets we’re talking about.
This IS the behavioral economics sub right? Classical economic theory assumes that individuals are rational. However, in the real world, we often see irrational behaviour – decisions which don't maximise utility but can cause a loss of economic welfare. ... It means economists need to take into account the potential for irrationality.
Let’s just say, I don’t think financial assets are rapidly diminishing in value to most investors in this environment. After all, this is our nations leader.
https://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html
But, thank you for your concern and your frequent one liners.