Cutting Losses and Anticipating Risks

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Exploring the sunk cost fallacy, underestimating losses, and the Black Swan concept in decision-making. The chapter discusses past history's influence on risk assessment, timing in cutting losses, and the challenge of anticipating worst-case scenarios.

On a new edition of Weekend Conversations on the Elevate Podcast, host Robert Glazer and producer Mick Sloan discuss the concept of a stop loss, an investing tool that has applications in all walks of life. So often, we struggle to know when to cut our losses and walk away from something that isn't working--whether it's an investment, a job, a living situation, a business venture or even a relationship. Robert and Mick dig into why we struggle in this area and discuss practical strategies to avoid doubling down on losses.

Articles Referenced In This Episode

Friday Forward - Stop Loss (#423)

Friday Forward - Reality Bites (#249)

Leadership Minute - You Need A Zero-Based Commitment Strategy

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