Investing Quote by Rolf Dobelli

“The sunk cost fallacy is most dangerous when we have invested a lot of time, money, energy, or love in something. This investment becomes a reason to carry on, even if we are dealing with a lost cause.” quote by Rolf Dobelli — Download Open image

““The sunk cost fallacy is most dangerous when we have invested a lot of time, money, energy, or love in something. This investment becomes a reason to carry on, even if we are dealing with a lost cause.””

Rolf Dobelli

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More by Rolf Dobelli

News is to the mind what sugar is to the body.

Rolf Dobelli

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“A second, parallel explanation of why our mistakes are so persistent took shape in the late 1990s: Our brains are designed to reproduce rather than search for the truth. In other words, we use our thoughts primarily to persuade. Whoever convinces others secures power and thus access to resources. Such assets represent a major advantage for mating and for rearing…

Rolf Dobelli

“A mathematician is afraid of flying due to the small risk of a terrorist attack. So, on every flight he takes a bomb with…

Rolf Dobelli

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“Trust your internal observations too much and too long, and you might be in for a very rude awakening. Second, we believe that our introspections are more reliable than those of others, which creates an illusion of superiority. Remedy: Be all the more critical with yourself. Regard your internal observations with the same skepticism as claims from some random person.…

Rolf Dobelli

“the typical response to scarcity is a lapse in clear thinking. Assess products and services solely on the basis of their price and benefits.…

Rolf Dobelli

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“The confirmation bias is alive and well in the business world. One example: An executive team decides on a new strategy. The team enthusiastically”

Rolf Dobelli

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“An unrealized loss isn't as painful as realized one.”

Rolf Dobelli

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If you spend fifteen minutes in a shopping mall, you will pass more people than our ancestors saw during their entire lifetimes.

Rolf Dobelli

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“In conclusion: Don’t cling to things. Consider your property something that the “universe” (whatever you believe this to be) has bestowed to you temporarily.…

Rolf Dobelli

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“Our school system is largely geared toward the set-up: the emphasis on factual knowledge and certifications makes it seem like life is primarily about getting the best possible grades and giving our careers the best possible jump-start. Yet the connection between degrees and workplace success is growing ever more tenuous, while the ability to self-correct is growing ever more important—even…

Rolf Dobelli

“Wir sollten darauf achten, einer Erfahrung nur so viel Weisheit zu entnehmen, wie in ihr steckt - mehr nicht.”

Rolf Dobelli

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It's okay to be envious - but only of the person you aspire to become.

Rolf Dobelli

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Explore all 50 Rolf Dobelli quotes

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Personally, I prefer contemporary films, but the market calls for more period choices, especially since China opened up a cinema market in Hong Kong.…

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“Wed don't need to live like the elites of California, New York, or Washington, D.C. We don't need to work a hundred hours a week at law firms and investment banks. We don't need to socialize at cocktail parties. We do need to create a space for the J.D.s and Brians of the world to have a chance. I don't…

J.D. Vance