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When to cut your losses?
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"Are you able to detach and easily cut your losses or do you succumb to the sunk cost fallacy (or, should that be phallacy on here?) on your investments?
"
I easily cut my losses and move on. I'm a bas**rd like that. At the end of the day (or even first thing in the morning), there's no use being sensitive. What's over is often over. |
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
"Are you able to detach and easily cut your losses or do you succumb to the sunk cost fallacy (or, should that be phallacy on here?) on your investments?
I easily cut my losses and move on. I'm a bas**rd like that. At the end of the day (or even first thing in the morning), there's no use being sensitive. What's over is often over."
Does that include your financial investments and projects as well as relationships?
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By *eliWoman
over a year ago
. |
Financially (so far) I've never had to - I' quite cautious and only make sensible investments.
On here. Ach. It's difficult sometimes. I can put up with a lot of nonsense until I decide enough is enough for me. I'm not quite sure when that is. Probably when I'm not happy talking to them any longer? I think if the majority of the time talking to someone doesn't make you happy, it's not healthy or worth it. |
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
"Financially (so far) I've never had to - I' quite cautious and only make sensible investments.
On here. Ach. It's difficult sometimes. I can put up with a lot of nonsense until I decide enough is enough for me. I'm not quite sure when that is. Probably when I'm not happy talking to them any longer? I think if the majority of the time talking to someone doesn't make you happy, it's not healthy or worth it."
I think talking to people on here it's easier to move on. It's when you've met them and they've sunk their phallacy a few times. The investment in time and desires may seem hard to walk away from.
In non-Fab life, people stay in relationships long after they appear to be happy or useful. Cutting your losses is tricky.
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By (user no longer on site)
over a year ago
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"Financially (so far) I've never had to - I' quite cautious and only make sensible investments.
On here. Ach. It's difficult sometimes. I can put up with a lot of nonsense until I decide enough is enough for me. I'm not quite sure when that is. Probably when I'm not happy talking to them any longer? I think if the majority of the time talking to someone doesn't make you happy, it's not healthy or worth it.
I think talking to people on here it's easier to move on. It's when you've met them and they've sunk their phallacy a few times. The investment in time and desires may seem hard to walk away from.
In non-Fab life, people stay in relationships long after they appear to be happy or useful. Cutting your losses is tricky.
"
All of the above can be difficult.
But cutting your losses can be the best way. Doing it as soon as you realise is the best way. Prolonging the agony for all involved will only make it worse in the end. |
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By (user no longer on site)
over a year ago
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Hmmm. I think if you've been in a situation where cutting your losses could literally be the difference between life and death and you'd held on so long it was very almost death, it becomes far easier to cut losses from that point, however it can be done with respect and good grace.
Experiences from the outside world can be learned from and crossed over to fab life.
Unless you're deeply invested things tend to run their own course anyways as people change. Sometimes it's something as simple as they've found a new favourite thing, and that's not something you're interested in so drifting occurs all on its own.
Doesn't mean you respect or care for that person any less, just means you're moving in diggetent directions and it's not to say the winding road won't meet back up in the middle.
I'm waffling.
P |
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
"Financially (so far) I've never had to - I' quite cautious and only make sensible investments.
On here. Ach. It's difficult sometimes. I can put up with a lot of nonsense until I decide enough is enough for me. I'm not quite sure when that is. Probably when I'm not happy talking to them any longer? I think if the majority of the time talking to someone doesn't make you happy, it's not healthy or worth it.
I think talking to people on here it's easier to move on. It's when you've met them and they've sunk their phallacy a few times. The investment in time and desires may seem hard to walk away from.
In non-Fab life, people stay in relationships long after they appear to be happy or useful. Cutting your losses is tricky.
All of the above can be difficult.
But cutting your losses can be the best way. Doing it as soon as you realise is the best way. Prolonging the agony for all involved will only make it worse in the end."
It's easy to see that, with hindsight, but then the hope that your 'investment' will finally come through is hard to let go of. For some.
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By (user no longer on site)
over a year ago
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"I cut my losses very quickly. I learnt the hard way that you can’t be happy if you’re around people that don’t bring something positive to your life."
I totally went the long way round in saying pretty much that  |
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
"Hmmm. I think if you've been in a situation where cutting your losses could literally be the difference between life and death and you'd held on so long it was very almost death, it becomes far easier to cut losses from that point, however it can be done with respect and good grace.
Experiences from the outside world can be learned from and crossed over to fab life.
Unless you're deeply invested things tend to run their own course anyways as people change. Sometimes it's something as simple as they've found a new favourite thing, and that's not something you're interested in so drifting occurs all on its own.
Doesn't mean you respect or care for that person any less, just means you're moving in diggetent directions and it's not to say the winding road won't meet back up in the middle.
I'm waffling.
P"
Not waffling at all.
|
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"Are you able to detach and easily cut your losses or do you succumb to the sunk cost fallacy (or, should that be phallacy on here?) on your investments?
I easily cut my losses and move on. I'm a bas**rd like that. At the end of the day (or even first thing in the morning), there's no use being sensitive. What's over is often over.
Does that include your financial investments and projects as well as relationships?
"
Haha! Investments yes! Some investments work, and some don't. I cut my losses and move on unless I'm confident that the dip is sort term. Projects, no, I don't cut my losses because I believe I'll always succeed! |
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By (user no longer on site)
over a year ago
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For me there's an initial resistance to not be the owner/fool of a bad investment, but I soon get to grips with things and then I SELL SELL SELL....!
(I hope your investment was only a tiny flutter my lovely  )
Steve x |
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
"Are you able to detach and easily cut your losses or do you succumb to the sunk cost fallacy (or, should that be phallacy on here?) on your investments?
I easily cut my losses and move on. I'm a bas**rd like that. At the end of the day (or even first thing in the morning), there's no use being sensitive. What's over is often over.
Does that include your financial investments and projects as well as relationships?
Haha! Investments yes! Some investments work, and some don't. I cut my losses and move on unless I'm confident that the dip is sort term. Projects, no, I don't cut my losses because I believe I'll always succeed!"
Sometimes markets and circumstances change so your project can't or won't succeed. Is there never a point when you think the sunk costs in time and resources is enough?
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
"For me there's an initial resistance to not be the owner/fool of a bad investment, but I soon get to grips with things and then I SELL SELL SELL....!
(I hope your investment was only a tiny flutter my lovely )
Steve x "
My sunk costs in the National Lottery have not resulted in recouping the investments.
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By (user no longer on site)
over a year ago
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"For me there's an initial resistance to not be the owner/fool of a bad investment, but I soon get to grips with things and then I SELL SELL SELL....!
(I hope your investment was only a tiny flutter my lovely )
Steve x
My sunk costs in the National Lottery have not resulted in recouping the investments.
"
Did you get a buzz out of buying a ticket though, like a hint of a lucky smile? |
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
"For me there's an initial resistance to not be the owner/fool of a bad investment, but I soon get to grips with things and then I SELL SELL SELL....!
(I hope your investment was only a tiny flutter my lovely )
Steve x
My sunk costs in the National Lottery have not resulted in recouping the investments.
Did you get a buzz out of buying a ticket though, like a hint of a lucky smile? "
I bought a ticket for tonight and then regretted it. Then I remembered that some of that money will go to a good cause and I didn't have to fill in a Gift Aid form.  |
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"Are you able to detach and easily cut your losses or do you succumb to the sunk cost fallacy (or, should that be phallacy on here?) on your investments?
I easily cut my losses and move on. I'm a bas**rd like that. At the end of the day (or even first thing in the morning), there's no use being sensitive. What's over is often over.
Does that include your financial investments and projects as well as relationships?
Haha! Investments yes! Some investments work, and some don't. I cut my losses and move on unless I'm confident that the dip is sort term. Projects, no, I don't cut my losses because I believe I'll always succeed!
Sometimes markets and circumstances change so your project can't or won't succeed. Is there never a point when you think the sunk costs in time and resources is enough?
"
No, but that's probably just the nature of my projects. Most of my projects revolve around electronics. I buy bits from China for pennies. You never know though, there may be a time when I do cut my losses with a project. |
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By (user no longer on site)
over a year ago
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I have a personal philosophy of letting go of things that make you stop.
I collect people and pastimes who add to my life and avoid people, habits etc who influence my life negatively.
It works for me. |
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By (user no longer on site)
over a year ago
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"Has anyone cut their losses and then gained the thing they couldn't previously achieve?
I think you learn a lot from failure.
"
I think you CAN learn a lot from failure, yes, not everyone is so open to learning though x |
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
"Has anyone cut their losses and then gained the thing they couldn't previously achieve?
I think you learn a lot from failure.
I think you CAN learn a lot from failure, yes, not everyone is so open to learning though x"
That's true quite generally. Patterns can bring a false comfort.
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"Has anyone cut their losses and then gained the thing they couldn't previously achieve?
I think you learn a lot from failure.
I think you CAN learn a lot from failure, yes, not everyone is so open to learning though x"
I've found the same thing. There was a post on Fizzogbook which I read a few weeks ago which said "The master has failed more times than the beginner has tried". How true that is. |
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