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Value the Future Over the Past
Amateurs often fall into the sunk cost fallacy, believing that the money already invested in a pot equates to the necessity of continuing to invest. What truly matters is the value of future decisions and whether the next bet will yield any returns, rather than the sunk investments. This mindset extends beyond gambling into life choices, such as staying in unfulfilling relationships simply because time has already been spent. Recognizing that past investments shouldn’t dictate future actions is essential for making rational decisions.