Smart Speak

"Sunk Cost Fallacy - the idea that an entity is more likely to continue with a project if they have already invested a lot of resources in it; even when continuing is not the best course of action. It is economically irrational, and is akin to throwing good money after…

"The journey of a thousand miles begins with one small step" - Lau Tzu (more…)

"It's fine to celebrate success, but it is more important to heed the lessons of failure" - Bill Gates (more…)

"If we've been bamboozled long enough, we tend to reject any evidence of the bamboozle" - Carl Sagan (more…)