Term
Sunk costs
Money, time or effort that has already been spent and can’t be recovered. They shouldn’t count when you decide what to do next.
Get Smart!: How to Think and Act Like the Most Successful and Highest-Paid People in Every Field, Brian Tracy
Explained in
- Get Smart!: How to Think and Act Like the Most Successful and Highest-Paid People in Every Field, Brian Tracy
- Quit: The Power of Knowing When to Walk Away, Annie Duke
Money, time or effort already spent that cannot be recovered whatever you choose next.