05 MAY 2018 by ideonexus
“Judge the value of what you have by what you had to gi...
The principle of an opportunity cost does not at first glance seem hard to understand. If you spend half an hour noodling around on Twitter, when you would otherwise have been reading a book, the lost book-reading time is the opportunity cost of the tweeting. If you decide to buy a fancy belt for £100 instead of a cheaper one for £20, the opportunity cost is the £80 shirt you could otherwise have bought. Everything has a cost: whatever you were going to do instead, but couldn’t. [...] ...29 DEC 2016 by ideonexus
You were never actually accomplishing anything by watchin...
If you ask someone what they accomplish by watching the news, you’ll hear vague notions like, “It’s our civic duty to stay informed!” or “I need to know what’s going on in the world,” or “We can’t just ignore these issues,” none of which answer the question. “Being informed” sounds like an accomplishment, but it implies that any information will do. You can become informed by reading a bus schedule. A month after you’ve quit the news, it’s hard to name anything u...24 MAR 2015 by ideonexus