opportunity cost

“Ah, but if you study Charlie, and if you study Warren Buffett's life, you'll find out that actually you should shut it down well before when it makes sense for you to shut it down, because you have to think about opportunity costs.”

“A lot of ideas have recognition capacity, meaning you can see them in the world, but they don't have generation capacity. What I mean is Once I've noticed this thing, so, you know opportunity cost. Once I've noticed this is an example of an opportunity cost th…”

“And so I think opportunity costs are the hidden consequences that are left outside of your frame, whether it's for money or time, it's those things that then are neglected because they're exactly not part of how you frame this problem.”

“Whatever the margin of error would be between one decision or the other is far smaller than whatever the opportunity costs of not having it done. And moved on to the next thing are.”

“The problem is financial upside is always clear. Opportunity costs are sometimes clear, but often not clear.”