> Sunk cost fallacy is not relevant to future investment

Outside of future choices, what in the world is sunk cost fallacy in fact relevant to? Do you understand words?

what an absolute plonker

do you know how ROIC is calculated?

Good luck hiding your huge sunk cost of bilions and billions in there bro. I wish people who had zero understanding of actual finance would never comment about it.

Moreover if they declare their existing assets are bunk, the valuation is marked down, especially after now pricing in failure risk - this is catastrophic for VC's.

Again, bro, just be quiet.