I set out to prove about 4 weeks ago that concentrated effort could actually produce results. I have always wanted to play better golf. I never have been good at, just do not have the time. Too busy working. So I set out to do a concentration experiment in my spare time. Could I use the little time I have and concentrate that small time and produce a result? Well I shaved 20 strokes off my miserable golf score. Now, the progress will probably slow considerably but the point is that it is possible to improve quickly with a concentration of effort. Guy
Day 3,225 – The Sunk Cost Fallacy
The sunk cost fallacy describes the tendency to continue investing in a losing proposition because of past investments that cannot be recovered. This often leads to greater losses and regret. The key is to evaluate if future rewards justify additional investment, or if it’s better to cut losses.
