The company’s that everyone knows are MLM trash (HerbaLife, JuicePlus, ect). When I was looking for a job I naively joined a seminar discussing CutCo Knives. Come to find out these dud muffin companies have been around since my mom was growing up, and are somehow still operational? Wouldn’t the BBB or whatever business bureau operates in the US (FTC?) have these scams shut down by now? I understand that new ones are popping up all the time but im referring to the ones that have been around forever now.
In: Economics
Here’s one I haven’t seen yet:
IN POLITICS, some people would rather **be** wrong, than **admit** they were wrong.
SAME HERE, some people would rather **be** fools, than **admit** they were fools.
(*There* may *be some overlap here…*)
Further, like those who hang onto a losing stock too long rather than taking their loss and licking their wounds … some people probably think that they’re ***this close*** to breaking even / getting their money back, so if they can hang on ***just a little longer***, maybe they can get out with their egos intact, compared to admitting they’d been had and “realizing their losses”.
The psychology is stronger than the math.
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