this post was submitted on 19 Feb 2025
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GameStop announces plans to sell off French and Canadian outlets, while its CEO yells about 'Wokeness and DEI' in bizarre, self-defeating promotion (www.pcgamer.com)
submitted 3 days ago by misk@sopuli.xyz to c/games@sh.itjust.works
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[–] sugar_in_your_tea@sh.itjust.works 3 points 2 days ago (1 children)

just for it to double or triple again

Wow, talk about sunk cost fallacy...

[–] Joeffect@lemmy.world 0 points 2 days ago (1 children)

Nah my initial investment wasn't nearly as much in Bitcoin...

[–] sugar_in_your_tea@sh.itjust.works 1 points 2 days ago (1 children)

The amount of the investment is irrelevant, what's important is the expected future return. Do you expect GME to increase faster than other options in some time frame? If not, sell it and invest in something with a higher expected return. Likewise for Bitcoin.

Whether something is currently up or down is irrelevant, as is the amount of your investment. The only relevant detail is the expected return and risk (variation) in the investment. Anything else is just gambling.