What you call sunk cost I call "equity"--whether that be tangible capital or human capital.
If you never believed in it, then you should drop it by all means. But if you take the sunk cost fallacy to heart, you will give up whenever the going gets tough, which statistically means you will give up everything you ever start.
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What you call sunk cost I call "equity"--whether that be tangible capital or human capital.
If you never believed in it, then you should drop it by all means. But if you take the sunk cost fallacy to heart, you will give up whenever the going gets tough, which statistically means you will give up everything you ever start.