The Previous-Investment Trap

I knew a woman who paid $150 for a fifteen-lesson course. After sitting through the first three lessons, bored stiff, she decided it was a mistake. I suggested she spend her Wednesday evenings in a more profitable way (such as with me).

"I can't do that," she said. "I have a hundred and fifty dollars tied up in it; I have to see it through."

She was saying, in effect, "Since I've already wasted my money on this, I'm now going to waste my time, too."

Harry Browne, How I Found Freedom In An Unfree World

2009-01-23