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Podcast: Stock Stories
Episode: Mental Model: Opportunity Costs (Comparative Advantage) - Every Action Or Inaction Is A Choice With Consequences
Description: Choose one thing, and you can't choose something else. Say no to one thing in order to say yes to another. This is the essence of opportunity cost, and it is a central idea in behavioral economics.In this episode we take a look at what opportunity cost means from a holistic perspective as well as what this concept means for investors.Instagram: @stockstorytellerEmail: [email protected]: [email protected]