A note from Sary

Sunk Costs are investments of time, energy, and money that can't be recovered once they've been made. No matter what you do, you can't get those resources back. Continuing to invest in a project to recover lost resources doesn't make sense- all that matters is how much more investment is required versus the reward you expect to obtain. Don't continue to pour concrete into a bottomless pit-if it's not worth the additional investment, walk away. You never have to earn back money in the same way you lost it. If the reward isn't worth the investment re quired to obtain it or the risk, don't invest.

Sary The Personal MBA, page 213 · November 6, 2023 Save to shelf
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