imagine that you have at your leg room
and had to choose between taking one
designer that costs we pretend 10,000
dollars or learn to do the
design how do you understand what it is
best choice because one is distinguished
he says we try to save costs
I learn and I’m not throwing away 10k
there is a formula to calculate this is
understand which is best use the
our time this question is there
let’s say we aero poses jason calacanis
also in his booklet angel jason
calacanis and an investor n the
so-called with those that put the first ones
soldini in startups hoping to make
of crazy returns and he in this
$ 100,000 moment has arrived at
100 million worth and his answer
in this case it is always necessary
reasoning in terms of cost
opportunities in our example if al
place of dalì 10,000 dollars to a
designer decides to invest 2 cents
of your time to learn the question from
be done is but if I these 200 hours
I decided to put them in another one
initiative which is the best
allocation of my time is the example
of calacanis fair the 200 hours you could to
example use them to contact 300
investors meet the percentage of
those who answer you and if you’re good
that one percent that maybe converts
and that perhaps invest a hundred fruit
200k for the trip in this case the
opportunity cost has no comparison
because in one case you save 10,000
dollars but potentially lose 100
200 the other classic example of the cost
opportunity and understand when a stuff is
you have to do it yourself or when you delegate to
others imagine that you are a personal
trainer you have your palestra and if you too
a phenomenon to do the cleaning you should
cleaning alone can pay
someone who makes the police the
calculation of this opportunity in that
case it works so the ski hours la
week we assume 10 euros per hour on
cleaning fee and 100 euros
yes, however, the amount you ask for one
lesson is 40 euros then at that point
you know those ten hours if you dedicate them
give lessons take you to EUR 400 100
euro lost 400 euros
in words we are all very rational
so we reason in practice
maybe spend an hour supermarket for
save 8 euros and it means that
we estimate an hour of our time 8 euros
according to charlie munger historical partner of
hours
gaffe that we always quote all the
smart people always decide in
based on a cost assessment
opportunities that are true on the other side
it is a formula that must be taken with
intelligence cum grain salis if I decide
going to the cinema to take two hours
my time to give me a good movie e
it makes me feel good, it’s irrelevant to think
that I could invest those two
hours doing maybe something more
productive, the benefit here is not alone
cheap but there are other types of
benefits is a mess first thing you will need
unit in three minutes
if the connection is enough, I rebel
now it’s finished transmitting video files
because it is not possible
and let’s say I could have been an example
now go on the brighton waterfront to
compete with the whistles
there’s a guy whistles 20
whistles and whistles all day
historic pure places fasti wine I go and
I make my cart to ice cream from
monti icecreamist but what would it be
in my case the opportunity cost
and had to choose between taking one
designer that costs we pretend 10,000
dollars or learn to do the
design how do you understand what it is
best choice because one is distinguished
he says we try to save costs
I learn and I’m not throwing away 10k
there is a formula to calculate this is
understand which is best use the
our time this question is there
let’s say we aero poses jason calacanis
also in his booklet angel jason
calacanis and an investor n the
so-called with those that put the first ones
soldini in startups hoping to make
of crazy returns and he in this
$ 100,000 moment has arrived at
100 million worth and his answer
in this case it is always necessary
reasoning in terms of cost
opportunities in our example if al
place of dalì 10,000 dollars to a
designer decides to invest 2 cents
of your time to learn the question from
be done is but if I these 200 hours
I decided to put them in another one
initiative which is the best
allocation of my time is the example
of calacanis fair the 200 hours you could to
example use them to contact 300
investors meet the percentage of
those who answer you and if you’re good
that one percent that maybe converts
and that perhaps invest a hundred fruit
200k for the trip in this case the
opportunity cost has no comparison
because in one case you save 10,000
dollars but potentially lose 100
200 the other classic example of the cost
opportunity and understand when a stuff is
you have to do it yourself or when you delegate to
others imagine that you are a personal
trainer you have your palestra and if you too
a phenomenon to do the cleaning you should
cleaning alone can pay
someone who makes the police the
calculation of this opportunity in that
case it works so the ski hours la
week we assume 10 euros per hour on
cleaning fee and 100 euros
yes, however, the amount you ask for one
lesson is 40 euros then at that point
you know those ten hours if you dedicate them
give lessons take you to EUR 400 100
euro lost 400 euros
in words we are all very rational
so we reason in practice
maybe spend an hour supermarket for
save 8 euros and it means that
we estimate an hour of our time 8 euros
according to charlie munger historical partner of
hours
gaffe that we always quote all the
smart people always decide in
based on a cost assessment
opportunities that are true on the other side
it is a formula that must be taken with
intelligence cum grain salis if I decide
going to the cinema to take two hours
my time to give me a good movie e
it makes me feel good, it’s irrelevant to think
that I could invest those two
hours doing maybe something more
productive, the benefit here is not alone
cheap but there are other types of
benefits is a mess first thing you will need
unit in three minutes
if the connection is enough, I rebel
now it’s finished transmitting video files
because it is not possible
and let’s say I could have been an example
now go on the brighton waterfront to
compete with the whistles
there’s a guy whistles 20
whistles and whistles all day
historic pure places fasti wine I go and
I make my cart to ice cream from
monti icecreamist but what would it be
in my case the opportunity cost
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