-
The Wisdom of Timely Stop Loss: How to Overcome Sunk Costs and Start Anew
There is such a shocking story in the novel “Wolf Totem”. Local people will set up a powerful trap on the grassland to catch wild animals, but wolves are rarely caught. This is not because of how smart the wolf is, but because if the wolf is caught in the leg, it will bite off the leg, bones and tendons, and escape with three legs limping. When other wild beasts are captured, they will only howl in place, and eventually become the hunter’s food. If it were you, would you be a wolf brave enough to break your leg and save yourself? Or will they fall prey in panic? We…