The Endowment Effect (From a Great Man), from Victor Niederhoffer

2015-06-19 · Victor Niederhoffer
Original source

"When by extraordinary chance, one has gained some great advantage or prize and actually had it in ones possessions and been enjoying it for several days, the idea of losing it becomes insupportable."

Thanks to Richard Owen for augmenting my book collection with My Early Life describing the feelings not of making a speculative coup and fear of giving it back, but of elation at being rescued and fear of capture by secreting oneself on a train.