160: 5 Steps To Avoid The Sunk Cost Fallacy As A Leader | Damon Lembi

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Written By damon lembi

Damon Lembi, CEO of Learnit and host of The Learn-It-All Podcast, takes the mic solo in this episode to break down one of the most dangerous traps in leadership: the sunk cost fallacy. Drawing from a $500K mistake in his own business, Damon shares how ego, emotional investment, and pride can keep us stuck - and what it really takes to walk away with wisdom. In this episode, Damon explores how the sunk cost fallacy quietly undermines smart leaders and teams, and reveals the clarity that came after one of his toughest business calls.

Read the full breakdown of Damon Lembi’s episode on Learnit.

Key Leadership Lessons from Damon Lembi’s Journey:

  • Don’t confuse commitment with wisdom - just because you’ve invested doesn’t mean you should keep going.

  • Sometimes, letting go is what unlocks momentum - scrapping a broken system created space for Learnit to build something better.

  • Use a 5-step decision framework to escape emotional thinking and make tough calls with clarity.

Connect with Damon Lembi:

Damon Lembi is the author of two bestselling books and the CEO of Learnit, a learning platform that has empowered over 2 million professionals globally. His work blends sports discipline with leadership strategy to help organizations thrive.

Explore more episodes of The Learn-It-All Podcast on Learnit.com to gain leadership insights from top experts.

Learn more about how Learnit helps organizations and follow The Learn-It-All Podcast on Apple Podcasts, Spotify, or YouTube.

damon lembi
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