Someone told me they bought big into hydrogen powered vehicles. Seems they can't let it go.
Seems like they know first hand about "wasted investment" then.
Which they seem to have turned into a sunk cost fallacy.
"Well, we've proven to ourselves that we're incapable of investing without it being a sunk cost that we are too petty to let go and will fight tooth and nail to make profitable... So let's just skip investing in much of anything new ever because we're nincompoops. If there's no guaranteed profit, why invest?"
Someone told me they bought big into hydrogen powered vehicles. Seems they can't let it go.
Seems like they know first hand about "wasted investment" then.
Which they seem to have turned into a sunk cost fallacy.
"Well, we've proven to ourselves that we're incapable of investing without it being a sunk cost that we are too petty to let go and will fight tooth and nail to make profitable... So let's just skip investing in much of anything new ever because we're nincompoops. If there's no guaranteed profit, why invest?"
Sunk cost fallacy.
But now hydrogen gas stations in California all closed down. So they sorta need to pivit
Meanwhile Toyota is giving people $40k to buy their Mirai.