never get married to a position. whether I bought shares in my trading portfolio, or created shares in a new business, its all to sell them at a higher price.

never get married to a position. whether I bought shares in my trading portfolio, or created shares in a new business, its all to sell them at a higher price. your unfamiliarity with that concept is because you are segregated from the market almost completely in your scientist example, you are subsidized by programs where it’s completely mystical why the funding runs out when it does, as opposed to rapidly iterating on marketable things as a means to an end I also have a couple of non-profit entities now, those are specially incentivized to dump otherwise sunk cost ideas into, but they are not sunk cost in a non profit. there is no reason to ever do this outside of that structure privatize the gains, socialize the losses, thats the whole philosophy. it is predicated on actually having gains to begin with.