Afford Anything cover image

The Psychology of Money, with Morgan Housel

Afford Anything

00:00

The Sunk Cost

Sunt costs are like letting a stranger make the decisions about your life. Can you talk about how we can avoid sunt cost fallacy? It's a very difficult thing to avoid, because everyone is, is he mammy? I fall for it may be as much as anyone else. And when it comes to patience versus stubbornness, one sort of related concept is sunk costs.

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