Hacker News Reader

1. Having more of something - gives one the tolerance to lose some of it without feeling the pinch.

2. Again - the ability to take risks increases - this is one reason the rich get richer - they can make riskier investments while the poor can't make such bets

3. People with more to lose - are the people who lose a greater percentage of their savings - a rich person losing $1000 vs a poor person losing $1000 - a poor person loses more

View on HN

I am talking about prospect of losing everything. Not some of it...

But the probability of loosing your life savings is greater if you’re poor (since the quantity is smaller), so you have more to worry about.

But loosing a million bucks is going to hurt much more than losing 100 bucks. Apart from that, it is much easier to sit on 100 bucks, not doing anything with it, than to sit on a million dollars. Doing nothing with money is less worrisome than taking risks with a lot of money..

Reply on news.ycombinator.com