“In economics, one of the most important concepts is 'opportunity cost' - the idea that once you spend your money on something, you can't spend it again on something else.” ImportantIdeasOpportunityCostConceptsEconomicsOpportunity Cost Author:Malcolm Turnbull
“It is the good fortune of the affluent country that the opportunity cost of economic discussion is low and hence it can afford all kinds.” KindCountryOpportunityEconomicCostLowsFortuneAll KindsDiscussionGood FortuneAffluentOpportunity Cost Author:John Kenneth Galbraith
“Sure, you can choose the safety and predictability of the cage, forfeiting the adventure God has destined for you. But you won't be the only one missing out or losing out. When you lack the courage to chase the Wild Goose, the opportunity costs are staggering. Who might not hear about the love of God if you don't seize the opportunity to tell them? Who might be stuck in poverty, stuck in ignorance, stuck in pain if you're not there to help free them? Where might the advance of God's kingdom in the world stall out because you weren't there on the front lines?” IfsWorldHelpingMightPainOpportunityLinesPovertyMissingFrontsIgnoranceAdventureCostLosingSafetyStuckKingdomsGod LoveCagesDestinedGeeseStaggeringMissing OutPredictabilitySeize The OpportunityOpportunity CostWild GeeseLosing Out Author:Mark Batterson
“Money are very difficult to think about. So, we think about money as the opportunity cost of money. So, we at some point went to a Toyota dealership and we asked people, what will you not be able to do in the future if you bought this Toyota?” PeopleIfsThinkingAbleOpportunityDifficultCostToyotaOpportunity Cost Author:Dan Ariely
“Money is very difficult to think about. So, we think about money as the opportunity cost of money. So, we at some point went to a Toyota dealership and we asked people, what will you not be able to do in the future if you bought this Toyota? Now, you would expect people to have an answer. But people were kind of shocked by the question. They never thought about it before. So, the most we got was people said, "Well, if I can't buy this Toyota, if I buy this Toyota, I can't buy a Honda." What is this thing? What is this value of price? Very hard to think about it.” PeopleIfsThinkingWellsKindSaidI CanHardAbleValuesOpportunityDifficultAnswersCostShockedToyotaOpportunity CostHonda Author:Dan Ariely
“The dream is free...but the journey will cost you something.” DreamJourneyCostOpportunity Cost Author:John C. Maxwell
“Be sure that you are well compensated for illiquidity - especially illiquidity without control - because it can create particularly high opportunity costs.” WellsOpportunityCostOpportunity Cost Author:Seth Klarman
“Obviously, consideration of costs is key, including opportunity costs. Of course capital isn't free. It's easy to figure out your cost of borrowing, but theorists went bonkers on the cost of equity capital. They say that if you're generating a 100% return on capital, then you shouldn't invest in something that generates an 80% return on capital. It's crazy.” IfsCoursesOpportunityEasyCrazyFiguresKeysReturnCostIncludingConsiderationEquityBorrowingTheoristsOpportunity Cost Author:Charlie Munger
“We're guessing at our future opportunity cost. Warrenis guessing that he'll have the opportunity to put capital out at high rates of return, so he's not willing to put it out at less than 10% now. But if we knew interest rates would stay at 1%, we'd change. Our hurdles reflect our estimate of future opportunity costs.” IfsOpportunityInterestWillingReturnCostRateOur FutureGuessingInterest RateHurdleOpportunity Cost Author:Charlie Munger
“After nearly making a terrible mistake not buying See's, we've made this mistake many times. We are apparently slow learners. These opportunity costs don't show up on financial statements, but have cost us many billions.” MadeShowsOpportunityMistakeTerribleCostFinancialBillionsStatementsBuyingLearnersOpportunity CostFinancial Statements Author:Charlie Munger
“Finding a single investment that will return 20% per year for 40 years tends to happen only in dreamland. In the real world, you uncover an opportunity, and then you compare other opportunities with that. And you only invest in the most attractive opportunities. That's your opportunity cost. That's what you learn in freshman economics. The game hasn't changed at all. That's why Modern Portfolio Theory is so asinine.” WorldYearsRealHappensOpportunityGamesModernChangedTheoryReturnCostFindingsEconomicsInvestmentCompareAttractiveReal WorldPortfoliosFreshmanDreamlandOpportunity Cost Author:Charlie Munger
“The most interesting biofuel efforts avoid using land that's expensive and has high opportunity costs. They do this by getting onto other types of land, or taking advantage of byproducts that aren't used in the food chain today, or by intercropping.” TodayUsedOpportunityInterestingEffortLandTypeCostAdvantageChainsExpensiveMost InterestingTaking AdvantageFood ChainBiofuelsOpportunity Cost Author:Bill Gates
“But the macro-economy is not the Whole. It too is a Part, a part of the larger natural economy, the ecosphere, and its growth does inflict opportunity costs on the finite Whole that must be counted.” DoeWholeOpportunityGrowthNaturalEconomyCostFiniteMacroOpportunity Cost Author:Herman E. Daly
“Money is all about opportunity cost. Every time you spend on something, that's something you can't spend on something else.” OpportunityCostOpportunity Cost Author:Dan Ariely
“The problem with opportunity cost is that opportunity cost is divided among many, many things.” ProblemOpportunityCostDividedOpportunity Cost Author:Dan Ariely
“Traditionally women have been more reticent to acknowledge their ambition and to say it with pride. So I like having people who work for us who are ambitious, engaged, respectful. Mis-hiring is a huge mistake. It's a tremendous opportunity cost throwing the position to the wrong person.” PeoplePersonsHas BeensOpportunityMistakePositionHugePrideCostAmbitionAcknowledgeEngagedThrowingAmbitiousRespectfulHiringWrong PersonOpportunity Cost Author:Ivanka Trump