Sermons from St. John the Divine
Aug 2, 2026 · 18 min · 12 segments
R. Leigh SpruillHost
Suppose you have a rich uncle who gives you $1,000, says, I want you to invest this $1,000.

How will you decide? Well, the prospect of losing 10% of what your rich uncle gave you is weighing more on your decision than the opportunity of a 10% return.

This is an illuminating illustration from a study done in 1995 on Olympic medalists.

And it turns out that, generally speaking, bronze medalists are happier than silver medalists.

You think, well, why is that? Because those who've won the silver medal are thinking a lot about how they lost.

Suppose you have a rich uncle who gives you $1,000, says, I want you to invest this $1,000.

How will you decide? Well, the prospect of losing 10% of what your rich uncle gave you is weighing more on your decision than the opportunity of a 10% return.

This is an illuminating illustration from a study done in 1995 on Olympic medalists.

And it turns out that, generally speaking, bronze medalists are happier than silver medalists.

You think, well, why is that? Because those who've won the silver medal are thinking a lot about how they lost.
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