But here’s the problem: Building the pedestal is the easiest part. “You can always build the pedestal,” Teller says. “All of the risk and the learning comes from the extremely hard work of first training the monkey.”87 If the project has an Achilles heel—if the monkey can’t be trained to talk, let alone recite Shakespeare—you want to know that up front. What’s more, the more time you spend building the pedestal, the harder it becomes to walk away from moonshots that shouldn’t be pursued. This is called the sunk-cost fallacy. Humans are irrationally attached to their investments. The more we
...more