Understanding opportunity cost helps in evaluating the true cost of decisions and actions.
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Discover how to sharpen your mind and make better decisions with "Clear Thinking" by Shane Parrish, leveraging mental models and overcoming cognitive biases.
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View failure as a learning opportunity rather than a permanent setback, extracting valuable lessons and insights to inform future actions and decisions.
Every decision we take, has a tradeoff, an opportunity cost. Instinctively we try the all-out approach, resulting in failure.
The real problem lies in our judgment of the opportunity cost.
Learn to delegate work that is not your core competency and you will reap the opportunity cost of doing things that make the best use of your time. It also helps you focus on your main task.
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