underscored

@underscored

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Tag:sunk-cost-fallacyClear

You don't need to recover what you've spent. You need to decide whether the future costs are worth the future benefits, completely independent of the past. The sunk cost fallacy is just the inability to make that distinction.

Charlie Munger, Poor Charlie's Almanack (2005)
5d ago

Underscored — save the words that stop you in your tracks.

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