01 May 2020
Hey guys! In this time of WC, I would just like to bring about a general question which I'm sure everyone has at least come across once before: How do you guys deal with monetary losses, be it from stock investing, gambling, wrong purchase decision?
Wrong Purchase - lesson learnt. It depends on the item value and why I purchased it in the first place. Refund? Resell? Suck it up?
Stock - revisit why you purchased it in the first place. Paper losses? Price fluctuations? Do you believe in your thesis?
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I think this is what we call sunk cost fallacy. I would prefer to write it off and move on. because ...
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