Sometimes cutting your losses is the best outcome available

by Bruce O’Hara

May 24, 2024

My all-time favourite fortune cookie read: “Never be dissuaded from the truth by what you would like to believe.

Pretty much everyone who has spent an extended period of time on this planet has found themselves in a bad situation which is only going to get worse in the future. Perhaps it was a failing marriage, a business idea that didn’t work out, an investment gone sour, or a beloved old vehicle that began to break down with astonishing regularity. At such times, cutting your losses is a close as you’re going to get to a win. As Kenny Rogers sang: “You gotta know when to fold ‘em.”

Three things can get in the way of doing what needs to be done:

There’s often a cherished idea or ideal we have to let go of. (‘Till death do us part’, for example.)

We tell ourselves that what’s happening is wrong, unjust, unfair, that it shouldn’t be happening (‘I was a good partner, I don’t deserve this.”)

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