Trade-offs (The Inheritance Principle of Forbes Wealthy)

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. During 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 making choices isn't easy. In economics, what is given up to obtain something is called opportunity cost. For Buridan's donkey, choosing one bundle of hay meant giving up the other. The hay given up is the opportunity cost of the hay obtained. Every 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 choice principles of the Forbes billionaires in this book faithfully and naturally, and memorize their classic cases. Then take action immediately!