A quotation from Hyman Rickover

Hyman Rickover (1900-1986) American naval engineer, submariner, US Navy Admiral
Essay (1979-05-24), Statement before the Subcommittee on Energy Research and Production, Committee on Science and Technology, US House of Representatives

More about this quote: wist.info/rickover-hyman/82149…

#quote #quotes #quotation #qotd #hymanrickover #bias #commitment #engineering #error #hope #investment #miscalculation #possessiveness #project #projectmanagement #research #sunkcost #wrong

In my observation, #SunkCost, #ego, and #MotivatedReasoning are the reasons why people, groups, and communities fall into patterns, and why breaking these patterns can be challenging.

Excess time, energy, and money have been expended and value must be returned to justify the expenditure.

The time, energy, and money benefits someone or some team’s self-image and status.

The justification and optics are wound up in a rationale.

My $0.02.

I don’t make the rules.

Your five-year plan is probably already outdated. Adaptability is key!
My 3 keys to pivoting with purpose:
🔬 Experiment in low-stakes ways.
💪 Seek "stretch" roles while you're secure.
🧠 Cultivate perpetual curiosity.

Read the full guide here: https://zurl.co/u5JvP

#CareerPivot #SunkCost #CareerAdvice

Is your hard work actually holding you back?

The biggest career trap isn't a lack of effort—it's effort spent in the wrong direction (hello, sunk cost fallacy).

This week, we're talking all about the power of the strategic pivot. Ready to break free? https://zurl.co/SMDLf

#CareerPivot #SunkCost #EQ

Don't let your hard work become a cage.

I spent 4 years trapped by the sunk cost fallacy. My new blog post is about how to recognize when it's time to pivot, not just persevere.

Read the post here: https://zurl.co/0gG63

#SunkCost #CareerPivot #Leadership #EmotionalIntelligence

Learning to recognize & deal with the Sunk Cost Fallacy is not only good advice for makers, learners & businesses - everyone should learn this in school.

If most people knew how to depart with the logic of "I already have too much invested in this to let it go" & take a sober look at things instead, something like half the world's Big Hairy Problems would be gone & most of the rest would be a lot easier to solve...

https://www.youtube.com/watch?v=BMVHI7ZSsqk #SunkCost #society #LifeSkills

@SnowshadowII @PandaChronicle

#CoreValues aren’t “core” until, and unless, they cost you something.

Friction - intellectual, emotional, or even physical - is a leading indicator of the #SunkCost.

Preordered Ramjet and Armada Wheeljack, as I am NOT missing on Ramjet AGAIN. I don't even really like the damn Earthrise Seeker mold, but I committed to getting all six of the bastards and I've got the other five. #SunkCost

And Armada Wheeljack because of course Armada Wheeljack. They actually retooled the chest to have the damage! I might've skipped it if it were just a sticker.

#Transformers