“If you find yourself in a hole, stop digging.”

Understanding escalation of commitment

“When the Facts Change, I Change My Mind. What Do You Do, Sir?”

You may remember this quote from our analysis of John Maynard Keynes the bisexual hedge fund pioneer who married a Russian ballerina at the age of 42 with his former lover as the best man at their wedding.

John Maynard Keynes | Biography, Theory, Economics, Books, & Facts ...

Keynes, in the early 1920s, became convinced that the currencies of the economies deva…

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