Taking "Hits"
Everybody wants to hang on to something that they thought they had. Deflating excess valuation is tough -- renegotiating mortgages, cutting pension benefits, reorganizing General Motors. The psychological easy-out is to hang on and hope. One of our big challenges is coping with physical reality.
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Compression Thinking »Compression Thinking
Compression vs. Expansion Thinking »Compression vs. Expansion Thinking
Expansion Economics »Expansion Economics
Taking "Hits"
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