Barbara A sunk cost is what has been poured into an investment—whether a new product, a stock, or some nefarious scheme. One then has the opportunity to say—-that money is spent and the venture isn’t worth more risky $$$.
With investments, too often someone says I can’t afford to sell, since the stock cost me $$$$. Often they they hold it…
Barbara A sunk cost is what has been poured into an investment—whether a new product, a stock, or some nefarious scheme. One then has the opportunity to say—-that money is spent and the venture isn’t worth more risky $$$.
With investments, too often someone says I can’t afford to sell, since the stock cost me $$$$. Often they they hold it as it sinks further. Others take the loss and move on.
McConnell initially abhorred Trump and then made a political deal with the devil. Now he is endeavoring to move away from Trump in an effort to become Senate Majority Leader again. Michael Cohen was deeply invested in Trump and then turned against his one-time boss. For him, Trump became a ‘sunk cost.’
Barbara A sunk cost is what has been poured into an investment—whether a new product, a stock, or some nefarious scheme. One then has the opportunity to say—-that money is spent and the venture isn’t worth more risky $$$.
With investments, too often someone says I can’t afford to sell, since the stock cost me $$$$. Often they they hold it as it sinks further. Others take the loss and move on.
McConnell initially abhorred Trump and then made a political deal with the devil. Now he is endeavoring to move away from Trump in an effort to become Senate Majority Leader again. Michael Cohen was deeply invested in Trump and then turned against his one-time boss. For him, Trump became a ‘sunk cost.’
I understand sunk cost.