2min chapter

The Mindvalley Podcast cover image

How To Make Better Decisions With Smart Mental Models with Gabriel Weinberg and Lauren McCann

The Mindvalley Podcast

CHAPTER

The Importance of Sunk Cost Policy

Just because you put a lot of work into something doesn't mean that sometimes it's time to walk away. I remember Tim Ferris writing about how so many people make this mistake. The path of least resistance for things is just to keep going at what you're already doing. It's status quo. You can't get it back. And so you really have to evaluate things as if that cost doesn't exist.

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