Tag: Charlie munger
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Do you deserve what you want?
“To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of undeserving people.” Charlie Munger We always want what we don’t have. We dream, but we don’t always make a solid plan to move towards that dream. We aren’t…
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The opportunity cost of time
“Intelligent people make decisions based on opportunity costs.” Charlie Munger Do you ever consider the cost of the actions you don’t take? Economists are known as rational decision makers. They outline the importance of considering opportunity costs when making decisions. Rather than only considering the cost of an action, we should also consider the cost…