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Tag Archives: Opportunity Cost
Opportunity Cost
How much does it cost to help your friend move on a Saturday? Â What if you had planned to take your son to a ballgame? Â What if you had planned to work overtime? There’s a cost to everything you do, … Continue reading
Posted in Advice, Art, Business, Choice, Money, Productivity
Tagged Money, Opportunity Cost, Time
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Cost v. Benefit
It turns out, crime does pay.  Just not very much: The basic problem is the average haul from a bank job: for the three-year period, it was only £20,330.50 (~$31,613). And it gets worse, as the average robbery involved 1.6 … Continue reading
Posted in Advice, Choice, Food For Thought, Productivity, Psychology
Tagged Career Choice, Choice, Crime, Life, Opportunity Cost
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Should I Go To Business School?
Generally, business school is a poor investment. If you want to go to a top 20 school, you’re going to spend at least $100,000 and two years of your life (easily another $100,000 or $200,000 in lost earnings). Realistically, your … Continue reading
Posted in Advice, Business, Choice, Money, Quotes, Rationality
Tagged Advice, Business School, MBA, Opportunity Cost
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Hired Guns
When Alex Rodriguez wanted a new contract to reflect the fact that he may end up as the all time leader in HR, hits, RBIs, and runs scored, he didn’t negotiate the deal himself. Â He hired super-agent Scott Boras, who … Continue reading
Posted in Advice, Food For Thought, Negotiation, Persuasion, Self-Improvement
Tagged CAA, Deals, Movies, Negotiation, Opportunity Cost, Scott Boras, Sports
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