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by JohnJamesRambo 2436 days ago
It seems like they haven’t even read the Wikipedia for Sunk Cost Fallacy.

In case any SoftBank homies are reading this, here you go. You are investing in the Concorde.

https://en.wikipedia.org/wiki/Sunk_cost

1 comments

I don't think that's really relevant here. The $11B is sunk, the question is whether buying control of WeWork is worth $5B.