Trade-offs: The Inheritance Principle of Forbes Billionaires

Author: Qu Gang
Publisher:
Publish Date: 2005-05-01
Features: In The Fables of La Fontaine, there is a famous donkey named Buridan. It faced two bundles of hay and didn't know which one to eat. In the end, not only did it achieve nothing, but it even starved to death. In the process of creating wealth, everyone is actually like Buridan's donkey, constantly facing the problem of choosing between two bundles of hay. Buridan's donkey died because it couldn't make a choice, which shows that () is not an easy thing. In economics, the thing given up to obtain something is called opportunity cost. For Buridan's donkey, choosing one bundle of hay meant giving up the other. The abandoned hay is the opportunity cost of the hay gained. Any choice behavior has an opportunity cost. The higher the opportunity cost, the harder it will be to make a new choice. Absorb and apply the () principles of the Forbes billionaires in this book faithfully and naturally, and memorize their classic cases. Then take action immediately!