Magical thinking…

Lionfish said:
A great thread highlighting how a lawyer's education may not have been a wise investment.
Maserati ranks right up there with Jaguar's SUV, Tesla S, and Alpha, as the fastest depreciating automobile currently being offered.
Click to expand...
Law school doesn’t include financial literacy.
 
Jarod said:
There is an epidemic of magical thinking in this country.

Reality and data are not relevant anymore.

Two examples….

An attorney I know, Trumpper, bought a $120,000 car. He is not wealthy so I asked him how he could afford it, he said that he had a big trial coming up. When I asked what would happen if the verdict didn’t cover it…. He said it had to, because he already bought the Maserati. He got a 0 verdict and sold the car at a $30,000 loss.

Another guy I know recently bought Royal Caribbean stock on margin, something like $80,000 worth, but when it dropped I asked him what would happen, he told me it would come up, because…. He could not afford to sell it! Don’t know where it is now, but either way, insane reasoning.
Click to expand...
Yeah voters in NYC vote for a Democrat Socialist to fix the problems Democrats created.
 
Jarod said:
There is an epidemic of magical thinking in this country.

Reality and data are not relevant anymore.

Two examples….

An attorney I know, Trumpper, bought a $120,000 car. He is not wealthy so I asked him how he could afford it, he said that he had a big trial coming up. When I asked what would happen if the verdict didn’t cover it…. He said it had to, because he already bought the Maserati. He got a 0 verdict and sold the car at a $30,000 loss.

Another guy I know recently bought Royal Caribbean stock on margin, something like $80,000 worth, but when it dropped I asked him what would happen, he told me it would come up, because…. He could not afford to sell it! Don’t know where it is now, but either way, insane reasoning.
Click to expand...
Is that like the same magical thinking that thought the gobblement taking over student loans would bring costs down?

Or that Obamacare would “bend the cost curve” and bring premiums down?
 
It’s more like about things that have no real clear connection to each other.

No way I’m going to die this week because I have tickets to the opera next week.
 
Jarod said:
There is an epidemic of magical thinking in this country.

Reality and data are not relevant anymore.

Two examples….

An attorney I know, Trumpper, bought a $120,000 car. He is not wealthy so I asked him how he could afford it, he said that he had a big trial coming up. When I asked what would happen if the verdict didn’t cover it…. He said it had to, because he already bought the Maserati. He got a 0 verdict and sold the car at a $30,000 loss.

Another guy I know recently bought Royal Caribbean stock on margin, something like $80,000 worth, but when it dropped I asked him what would happen, he told me it would come up, because…. He could not afford to sell it! Don’t know where it is now, but either way, insane reasoning.
Click to expand...
I think it's more about greed and fanciful dreams than insanity. If they kept doing it and never learned, then I expect they are truly insane.
 
I have talked about this at many points....to include mentioning that on the Waltons the narrator in one show says that when the Depression hit many people dealt with it by descending into fantasy....by refusing to deal with it.....by living pretend instead for as long as they could get away with it.

This is where we are.....America is in collapse.....our Empire is in collapse....and many are dealing with it by becoming Peter Pans.

It will work for a bit, but it makes the eventual pain worse.
 
Jarod said:
There is an epidemic of magical thinking in this country.

Reality and data are not relevant anymore.

Two examples….

An attorney I know, Trumpper, bought a $120,000 car. He is not wealthy so I asked him how he could afford it, he said that he had a big trial coming up. When I asked what would happen if the verdict didn’t cover it…. He said it had to, because he already bought the Maserati. He got a 0 verdict and sold the car at a $30,000 loss.

Another guy I know recently bought Royal Caribbean stock on margin, something like $80,000 worth, but when it dropped I asked him what would happen, he told me it would come up, because…. He could not afford to sell it! Don’t know where it is now, but either way, insane reasoning.
Click to expand...
If you really are a liar... err, lawyer you must be well versed in insane reasoning as that is what liars... err, lawyers specialize in.
 
Jarod said:
These people somehow believe that needing or wanting something makes it more likely to happen. They also seem to believe that saying something is true, makes it true.
Click to expand...
Like Peter Pan and Tinkerbell? As long as you believe strongly enough? LOL
 
Joan- Worried about Western civilization?

Dan- Not particularly. Not tonight.

Joan- It's collapsing, or didn't you notice?

Dan- I live in a pretty good neighborhood.

About Last Night.....1986

===================================

The idea that there is no point in reasonable rational planning because what we have is going to be all blown up goes back at least that far.

When was the first time you were told to not depend upon Social Security because it will go away.....almost this far for me.
 
You must log in or register to reply here.
Back
Top