Daily Blog

My commitment to write a daily blog since January 7th, 2018
What People Are Saying
  • Guy Reams: “Not bad at all!” Oct 29, 15:59
  • Kat: “Absolutely agree! I don’t think I would be able to hike and continue planning more hikes if I didn’t prioritize…” Oct 28, 22:19
  • Guy Reams: “Exactly, it took me a long time to stop catastrophizing everything.” Oct 19, 06:52
  • Steven Larky: “Great post – being unsure about an outcome doesnt indicate that the worst case will occur, or even that a…” Oct 18, 13:17
  • Steven Larky: “Beyond three possible causes, it may be helpful to deploy the 5 WHYS methodology to truly get to Root Cause.…” Jul 13, 16:22

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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.

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