"Fear of loss tends to prevent us from doing all the best stuff in life."

Lessons Learned From Having My Bike Stolen: "After calming down for a few minutes, more practical strategies started to emerge. Sure, my bike had been stolen. But this was the first theft in many, many years of very carefree living. The Craigslist replacement value of that bike was probably about $500. What value do I place on a decade of the fearless freedom of leaving shit happily unlocked and not worrying about it? How about the value of my time saved in not spending my life fumbling with an enormous keychain like my friend? 90 seconds a day for ten years is 91 hours, or at least $4500 of my time at $50 an hour. I was still coming out way ahead...

Don’t Confuse Bullshit with Safety 
This is a key flaw in human nature that will bring you great profit if you become aware of it: we tend to prioritize our own experience above real science when forming impressions of the world. And we also put more weight on scary and bad news than we do on good news (or an absence of news, which is usually good too). This form of judgement (along with other great human tendencies such as racism, fear of change and learning through gossip) was appropriate for most of human history since it was the best we could do before we had science and effortless worldwide communication. But nowadays, we can do better...

I resolved to continue my old life of not being fearful of crime. As any student of statistics knows, it is foolish to base your life on a single, isolated event. If things continued to get stolen from my back yard, I would eventually step up security measures. But for now, why not be free? Lesson Learned "

But How Does All This Make Me Rich? 
Fear of loss tends to prevent us from doing all the best stuff in life. Investing. Quitting our unsatisfying job or starting a new business. Building a fun and profitable local social network. Trying things that might result in minor bruises or embarrassing failure. Compulsive locking and protecting of our trinkets is not curing this fear – just masking it. Taking away the security blanket and just taking the risk breaks down the fear, and brings much better results over a lifetime."