Psychology Today | 21.02.2026 04:49
No reputable financial advisor would suggest risking your entire life savings on a single stock—like the old saying, Don’t put all your eggs in one basket. Still, many people who might follow this financial advice often ignore it when it comes to their daily lives: their self-esteem may depend on whether they get promoted to VP at work, or their success as a parent is tied to their child getting into an Ivy League college or making the varsity football team; or, their social ties might rely on a single close friend or partner.
