Mullooly Asset Management

The Sunk Cost Fallacy: Keeping You Wrong


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“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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Mullooly Asset ManagementBy Mullooly Asset Management

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