sunk cost fallacy
The £4 Million Ghost Prison: A Stark Lesson in Asset Mismanagement and Public Finance
An empty UK prison contaminated with radioactive gas is costing taxpayers £4mn annually, a stark case study in asset mismanagement and public finance.
The £3,000 Theory Test: What 128 Failed Attempts Can Teach Us About Modern Investing and the Economy
A quirky news story about a driver failing their theory test 128 times holds profound lessons on sunk costs, risk management, and investment strategy.