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RE: Sunk costs and skin in the game

in LeoFinance5 years ago

She took me seriously and started talking...

:D

I never, ever considered it an investment, but skin in the game. I've never had the intent to sell so it's really hard for me to consider 'investment'.

I think in some ways this is the position of "taking a flutter" on the races - it makes it more interesting. I don't gamble, but then, every investment is somewhat of a calculated risk - and I am bad at math.

I actually visualize the money I have to spend as gone.

I do this too. The money invested is already a loss, so is no longer mine.