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Created January 26, 2013 03:40
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< shaking their fingers at this immoral behavior, it's so common in the
< business and finance world that there's a name for it, "strategic
< default" - much like the military term "strategic withdrawal".
---
> shaking their fingers at this immoral behavior is that the very same
> thing is so common in the business and finance world that there's a
> name for it, "strategic default" - much like the military term
> "strategic withdrawal".
>
> The reasoning is sort of like folding your hand in poker. Yes, you
> may have a lot of chips in that pile, but if you don't have a shot at
> winning the pot, it's stupid to continue throwing away resources.
> Better to conserve those resources for a later investment.
203c209
< recover from your screwup. A friend who recently finished her degree
---
> recover from your screwup. A friend who recently finished his degree
205c211
< second time she made a passing grade, and the failing grade was simply
---
> second time he made a passing grade, and the failing grade was simply
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