Another aspect of why it often is better is that it allows them to avoid paying taxes on sales and already accumulated profits, which is desirable because of the compound interest effect.

I think if using something as collateral for a loan would create a taxable event and eliminate this advantage, then they would care a lot less about the arbitrage play between interest rates and average long term stock returns.

In a similar fashion I enjoy listening to podcasts while running. I find music to in a way get filtered out by my brain after a while whereas podcasts keep me engaged. Inversely I can’t really focus on podcasts in the gym where I am switching up exercises.

Over time I’ve also optimized my listening experience by getting a pair of bone conducting headphones and a watch that can store and playback podcasts, so I don’t have to carry around my phone on runs.

And ideally also something that doesn’t require too much preparation. If it takes a long time to prepare for or get back after you are usually less likely to do it.