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Sunk Cost Fallacy: How It Impacts Your Investment Decisions

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Manage episode 433902156 series 71998
Content provided by Hosts Justin Klein & Luke Guerrero | Wealth Managers and Investment Advisors, Hosts Justin Klein, Luke Guerrero | Wealth Managers, and Investment Advisors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Hosts Justin Klein & Luke Guerrero | Wealth Managers and Investment Advisors, Hosts Justin Klein, Luke Guerrero | Wealth Managers, and Investment Advisors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The sunk cost fallacy is a cognitive bias where individuals or businesses continue investing in a project due to past investments, despite current costs outweighing the benefits. This bias often leads to irrational decision-making, influenced by factors such as loss aversion and emotional attachment. Understanding and recognizing the sunk cost fallacy can help improve decision-making by focusing on future costs and benefits rather than irrecoverable past expenses.

Today's Stocks & Topics: WHD - Cactus Inc. Cl A, Market Wrap, UBER - Uber Technologies Inc., CIVI - Civitas Resources Inc., Sunk Cost Fallacy: How It Impacts Your Investment Decisions, CSIQ - Canadian Solar Inc., ALV - Autoliv Inc., The VIX, OPEC, INTC - Intel Corp., VOOG - Vanguard S&P 500 Growth ETF, QQQM - Invesco NASDAQ 100 ETF, CVX - Chevron Corp., SBUX - Starbucks Corp., Hedge Funds.


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1881 episodes

Artwork
iconShare
 
Manage episode 433902156 series 71998
Content provided by Hosts Justin Klein & Luke Guerrero | Wealth Managers and Investment Advisors, Hosts Justin Klein, Luke Guerrero | Wealth Managers, and Investment Advisors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Hosts Justin Klein & Luke Guerrero | Wealth Managers and Investment Advisors, Hosts Justin Klein, Luke Guerrero | Wealth Managers, and Investment Advisors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The sunk cost fallacy is a cognitive bias where individuals or businesses continue investing in a project due to past investments, despite current costs outweighing the benefits. This bias often leads to irrational decision-making, influenced by factors such as loss aversion and emotional attachment. Understanding and recognizing the sunk cost fallacy can help improve decision-making by focusing on future costs and benefits rather than irrecoverable past expenses.

Today's Stocks & Topics: WHD - Cactus Inc. Cl A, Market Wrap, UBER - Uber Technologies Inc., CIVI - Civitas Resources Inc., Sunk Cost Fallacy: How It Impacts Your Investment Decisions, CSIQ - Canadian Solar Inc., ALV - Autoliv Inc., The VIX, OPEC, INTC - Intel Corp., VOOG - Vanguard S&P 500 Growth ETF, QQQM - Invesco NASDAQ 100 ETF, CVX - Chevron Corp., SBUX - Starbucks Corp., Hedge Funds.


Our Sponsors:
* Check out eBay Auto: www.ebay.com
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
  continue reading

1881 episodes

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