Quote by SHANE PARRISH - Deepstash
SHANE PARRISH

Understanding opportunity cost helps in evaluating the true cost of decisions and actions.

SHANE PARRISH

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Today's readers, tomorrow's leaders. I explain handpicked books designed to transform you into leaders, C-level executives, and business moguls.

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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7. Learning from Failure

View failure as a learning opportunity rather than a permanent setback, extracting valuable lessons and insights to inform future actions and decisions.

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Tradeoffs

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.

Don’t Do Everything Yourself

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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