Tag: rational
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Make time for thinking
“You were born with the greatest weapon in all of nature—the rational, conscious mind. It has the power to expand your vision far and wide, giving you the unique capacity to distinguish patterns in events, learn from the past, glimpse into the future, see through appearances.” Robert Greene We all have a powerful tool in…
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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…