EPISODE · Jul 8, 2015 · 10 MIN
The Sunk Cost Fallacy: Keeping You Wrong
from Mullooly Asset Management · host Mullooly Asset Management
“It’s okay to be wrong, it’s not okay to stay wrong”. Maybe you’ve heard some variation of this saying before? It’s one of my favorites, as it applies nicely to all facets of life, especially investing. A common reason many of us decide to “stay wrong”, rather than change, is the sunk cost fallacy. The […]
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