One of the key elements of human behavior is, humans have a greater fear of loss than enjoyment of success. All the academic studies will show you that the fear of loss of capital is far greater than the enjoyment of gains.
The insight provided in this quote humorously uncovers a critical and often overlooked aspect of human psychology - our innate tendency to fear loss more acutely than we relish our own success. It underscores the fundamental principle of loss aversion, a core concept in behavioral economics which explains why people are disproportionately impacted by negative experiences compared to positive ones of the same magnitude. This explains why investors, for instance, might...
