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"The only lesson I can think of here is don't finance a project that's going to cost a lot and take a decade to implement, because there's a good chance that te
by gcheong 16y ago
"The only lesson I can think of here is don't finance a project that's going to cost a lot and take a decade to implement, because there's a good chance that technology will make it obsolete by the time you launch."
I think the lesson is to be continually re-evaluating the project to see if your assumptions still make sense given the current state of the market. This would be especially true for multi-year projects. It's basically the fallacy of sunk costs.