
249. Understanding the Trap of Negative Leverage (10X Series: Part 5)
The Greg McKeown Podcast
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The Sunk Cost Fallacy and Negative Leverage
This chapter explores the dangerous dynamics of negative leverage and the sunk cost fallacy, revealing how people persist in unsuccessful ventures due to previously invested resources. Through relatable examples, it demonstrates the profound effect of this cognitive bias on personal and financial decision-making.
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