Rob Stokes on The Sunk Cost Phallacy

The Sunk Cost Phallacy is of particular relevance to Rob Stokes (Chairman of the Red & Yellow School), who said it like it is to u|Chief.

Rob tells u|Chief why he can’t stop something once he’s started… but admits that he’s getting better!

Rob recalls a great idea he had that he never took forward.
  • “I want to judge people on the outcomes of their ideas, not the ideas themselves.” – Rob Stokes
  • “I am full of ideas… but most of them are really bad!” – Rob Stokes

Rob discusses the importance of giving young people opportunities to learn entrepreneurship skills from a young age… and the dangers of job loss caused by AI.

  • “The best teachers have empathy… and it’s really hard to fake empathy.” – Rob Stokes