Ep.223 The Endowment Effect: Why You Overvalue What You Own

The Endowment Effect: Why You Overvalue What You Own You list your old chair on Facebook Marketplace for $200. Everyone offers $50. You think, “This is a steal—why don’t they see it?” That’s the endowment effect—a mental bias where we overvalue what we already own, just because it’s ours. It shows up in investing too: You keep a bad stock because “it’ll bounce back.”You hold a business idea long after it stopped working.The fix? Ask yourself: If I didn’t own this already, would I...