Opportunity Costs, Relative Value, and Absolute Value

  "If you take the best text in economics by Mankiw, he says intelligent people make decisions based on opportunity costs—in other words, it’s your alternatives that matter. That’s how we make all of our decisions." -Charlie Munger Most people make investment decisions by comparing a potential investment to other investments that are available today. …

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Podcast Notes: Seminars about Long-Term Thinking (May 2017)

Frank Ostaseski: What the Dying Teach the Living - April 10, 2017 On the afterlife: "My father used to say, 'It can't be so bad because nobody has come back to complain.' Talk to the Buddhists about that." -Frank Ostaseski (1:25:45) "I had this grandma. She was a Christian Scientist. She was so ready to …

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Podcast Notes: Naval Ravikand on The Knowledge Project

This podcast deserves its own post. Naval Ravikand shares with Shane Parrish many insights on how to live a better life. Lots of wisdom here. I encourage you to listen to the entire 2-hour podcast: The Knowledge Project: Naval Ravikand on Reading, Happiness, Systems for Decision Making, Habits, Radical Honesty - February 27, 2017 "I do …

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