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kaushhik@kmcap.in
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May 14, 2023 • 11 tweets • 2 min read
A thread🧵on SUNK COST FALLACY in trading & investing:
The sunk cost fallacy is a cognitive bias that causes people to continue investing in something that is not working out, simply because they have already invested time, money, or effort into it.
In the world of trading and investing, this can lead to people holding onto losing stocks or positions for too long, hoping they will eventually profit.