AI Practice Knowledge BaseCounterintuitive Facts (27): Free Things Are Often the Most Expensive
PremiumWhen making choices, don't just look at what you gain, look at what you give up
I. Saturday afternoon. You slouch on the couch scrolling short videos for 3 hours. You think these 3 hours are "free" entertainment. You're wrong. These 3 hours might be your most expensive consumption this week.
II. Because in these 3 hours, you could have: Gone to the gym (gained health), read a book (gained knowledge), or done a side job (gained money). The real cost of scrolling videos isn't data fees, but that highest value option you didn't choose. This is Opportunity Cost.
III. Buffett says: "If you're fixing a leaking toilet, you're wasting money." Even if you know how, don't fix it. Because your time should be spent finding acquisition targets. That hour is worth millions. If you use it to fix a toilet, the toilet repair cost is millions.
IV. Many people like to queue for two hour
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