Trade-offs -Mental Model 097

Why Sacrifice Matters

A situation where you lose something in order to gain something else.

 

Example: If you buy $1,000,000 worth of stock in Google, you gain a high expected rate of return, but lose the safety of having your money in bonds or the bank.

 

Wisdom: “I think it’s a false trade-off to say quality time versus quantity – you have to have both.” — Hillary Clinton

 

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