Don't Throw Good Money (or Love) After Bad. (2024)

FAQs

What's the saying about throwing good money after bad? ›

In short, the Sunk Cost Fallacy is a broad category of error in which irretrievable past expenses distort your reasoning about the future. "Throwing good money after bad" is a metaphorical description of this type of mistake.

(idiomatic) To waste money in a fruitless attempt to recoup losses previously incurred.

phrase. If you say that someone is throwing good money after bad, you are critical of them for trying to improve a bad situation by spending more money on it, instead of doing more thoughtful or practical things to improve it. [disapproval] Further heavy intervention would be throwing good money after bad.

People demonstrate "a greater tendency to continue an endeavor once an investment in money, effort, or time has been made". This is the sunk cost fallacy, and such behavior may be described as "throwing good money after bad", while refusing to succumb to what may be described as "cutting one's losses".

In common terms, the sunk cost fallacy is often called “throwing good money after bad.” Whenever we fall prey to the sunk cost fallacy, we make irrational decisions that are against our best interest.

The sunk cost fallacy is our tendency to include the value of past costs in a future decision or trade-off. It is a psychological bias that sometimes results in some irrational choices.

phrase. If you say that someone is throwing money at a problem, you are critical of them for trying to improve it by spending money on it, instead of doing more thoughtful and practical things to improve it.

It is disrespectful and rude, that's why. The polite and civil way to give someone money or an object is to hand it to them or to place it somewhere that is readily accessible for the other person. Throwing money or objects and expecting someone to pick it up is elitist and arrogant.

Bad money is a currency with equal or less value than its face value. Good money has the potential for a greater value than its face value. People will choose to use bad money first and hold onto good money.

You've heard the phrase, “don't throw good money after bad?” It basically means once you realize the thing you've invested in is not what you thought it would be AND likely never will be, don't keep putting new money into it just because of what you've already invested.

What does throwing mean in slang? ›

Pretty straightforwardly it means to intentionally lose. You are throwing the game (as in match) away. Thats it. Usually you'll hear it in competitive games.

to say positive things about someone to other people: I'm applying for a job in your department, so put in a good word for me.

Gresham's law, which says that bad money tends to drive good money out of circulation, may account for many nations' episodes of money troubles, as far back as ancient Athens. This commentary discusses the two main explanations for Gresham's law and suggests some circ*mstances in which the law does not apply.

to spend a lot of money because you believe that only money can solve a problem: Many people agree that throwing money at our schools has not produced good results.

"Love of money is the root cause of all evil"; this is what we have been taught about money.

Gresham's law states that "bad money drives out good" and is a monetary principle that can be applied to the currency markets. During the historical use of precious metals to manufacture coins, Gresham's law applied to the changing value of coins and their contents.

Quote by Albert Camus: “A life, whose purpose is money, is death.”