word
sunk cost fallacy in investing
SUNK KOST FAL-ah-see in in-VES-ting
sʌŋk kɒst ˈfæləsiː ɪn ɪnˈvɛstɪŋListen
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Syllable breakdown
sunkcostfallacyininvesting
Dictionary meaning
irrational tendency to continue holding or adding to a losing investment because of the money already spent on it rather than evaluating its future prospects objectively; the past investment is a sunk cost that cannot be recovered and should not influence forward-looking decisions; leads investors to average down into deteriorating positions
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