id: 2123
title: Cut losses on bad investments.
date: 2021-02-27

Cut losses on bad investments.

• Sunk cost bias. (Admit failure).
• Endowment effect. (Imaging not having it already).
• Status quo bias. (Zero-based budgeting).
• FOMO. (Reverse pilot to test real value).
• Forcing things to work. (Get a second opinion).

rM4