Virginia talks about how the SEC neglected to go after Bernie Madoff. Nick talks about speed traps and poor people. Finally, the duo discuss public funding decisions in local government.
Nick tries to be melodramatic about a historical record error, and Virginia attempts to convince Nick that she’s Dallas royalty. Also, is it sad that we know so little about our ancestors?
Nick never quits anything (preferring instead to let it slowly die off until it’s definitely not his fault for letting the idea die), and Virginia is happy to jump off any project if the payoffs don’t look promising (for example, her recent welding class).
Nick and Virginia discuss the recent earthquakes in Dallas, and Nick tries to argue about how much the public healthcare system should cover. Virginia tries not to sound like a giant jerk. As usual, Nick brings it back to DMS activities.
Nick and Virginia talk with Gary Belsky, author of “Why Smart People Make Big Money Mistakes and How to Correct Them: Lessons from the Life-Changing Science of Behavioral Economics“, about everything from ESPN Magazine’s Body Issue to how lawyers often suffer from the sunk cost fallacy.