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this post was submitted on 02 Aug 2025
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Chatgpt, what is sunken cost fallacy and why are rich people so profoundly stupid?
This is not that. They're all hoping to be the next Google or FaceBook. They know damned well most are going to lose. The gamble is that they won't be the one holding the bag when the bubble pops.
This is as high stakes as tech gets today.