Sunk costs

If things go wrong, don’t go with them. Roger Babson 1875 – 1967 Over the past few weeks, some of you may have received holiday gifts you don’t like, and you might be thinking about selling them on eBay or Craigslist. There’s an important business principle called sunk costs that you ought to consider; it’s actually useful in any number of life situations, so it’s a good lesson to learn and understand. The idea of sunk costs is fairly simple: any past costs associated with a decision are irrelevant, because you can’t change the past; you should only consider current and future …
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What’s your Christmas wish?

Christmas is a necessity. There has to be at least one day of the year to remind us that we’re here for something else besides ourselves. Eric Sevareid 1912 – 1992 This is the time of the year when the Christians of the world celebrate the birth of Christ. But you don’t need to be Christian to take part in (and benefit from) this celebration. I’d like you to take a few minutes and think up a Christmas wish. If there was a Christmas Fairy who could grant you one wish, what would you ask? Maybe you’d wish that there …
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Merry Christmas… or Happy Holidays?

He who has not Christmas in his heart will never find it under a tree. Roy L. Smith 1887–1963 Last week, one of my neighbors put up a yard sign saying “Christmas is all about JESUS.” I couldn’t help but think that their message presented a very narrow interpretation of the Christmas season, and one that somewhat misses the point. I agree that Christmas shouldn’t be a consumer-driven, consumption-focused holiday. But if we go too far in the other direction — defining the holiday with a Christian perspective that excludes other beliefs — then we’re still forgetting the spirit of the season. Jesus …
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