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How to Steer Clear of the Sunk Cost Fallacy

The best and only advice I would ever offer to someone who may be in this situation is to resist the urge to stand pat and simply accept that you are stuck. Remember that a sunk cost is just that. You’ll never get it back. But here’s the good news: There is always an opportunity to rebound, to recover, to change course, to put your losses behind you and focus on the opportunities of the future rather than the costs of the past.