Opportunity cost quotes:

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In economics, one of the most important concepts is 'opportunity cost' - the idea that once you spend your money on something, you can't spend it again on something else. -- Malcolm Turnbull
There's an opportunity cost to everything. -- Julie B. Beck
Intelligent people make decisions based on opportunity costs. -- Charlie Munger
Money is all about opportunity cost. Every time you spend on something, that's something you can't spend on something else. -- Dan Ariely
Be sure that you are well compensated for illiquidity - especially illiquidity without control - because it can create particularly high opportunity costs. -- Seth Klarman
It is the good fortune of the affluent country that the opportunity cost of economic discussion is low and hence it can afford all kinds. -- John Kenneth Galbraith
After nearly making a terrible mistake not buying See's, we've made this mistake many times. We are apparently slow learners. These opportunity costs don't show up on financial statements, but have cost us many billions. -- Charlie Munger
But the macro-economy is not the Whole. It too is a Part, a part of the larger natural economy, the ecosphere, and its growth does inflict opportunity costs on the finite Whole that must be counted. -- Herman E. Daly
The most interesting biofuel efforts avoid using land that's expensive and has high opportunity costs. They do this by getting onto other types of land, or taking advantage of byproducts that aren't used in the food chain today, or by intercropping. -- Bill Gates
Money are very difficult to think about. So, we think about money as the opportunity cost of money. So, we at some point went to a Toyota dealership and we asked people, what will you not be able to do in the future if you bought this Toyota? -- Dan Ariely
We're guessing at our future opportunity cost. Warrenis guessing that he'll have the opportunity to put capital out at high rates of return, so he's not willing to put it out at less than 10% now. But if we knew interest rates would stay at 1%, we'd change. Our hurdles reflect our estimate of future opportunity costs. -- Charlie Munger
Obviously, consideration of costs is key, including opportunity costs. Of course capital isn't free. It's easy to figure out your cost of borrowing, but theorists went bonkers on the cost of equity capital. They say that if you're generating a 100% return on capital, then you shouldn't invest in something that generates an 80% return on capital. It's crazy. -- Charlie Munger
Finding a single investment that will return 20% per year for 40 years tends to happen only in dreamland. In the real world, you uncover an opportunity, and then you compare other opportunities with that. And you only invest in the most attractive opportunities. That's your opportunity cost. That's what you learn in freshman economics. The game hasn't changed at all. That's why Modern Portfolio Theory is so asinine. -- Charlie Munger
The problem with opportunity cost is that opportunity cost is divided among many, many things. -- Dan Ariely
The opportunity cost of an unlived dream is not only that dream, but also the dreams the dream was meant to inspire. -- Ryan Lilly
Even when you are right, there are costs and taxes associated with being tactical. When you are wrong, there are opportunity costs. -- Barry Ritholtz
I tell my micro students everything I teach them is important, but the truth is that some things are more useful than others, and opportunity cost is near the top. -- Emily Oster
Traditionally women have been more reticent to acknowledge their ambition and to say it with pride. So I like having people who work for us who are ambitious, engaged, respectful. Mis-hiring is a huge mistake. It's a tremendous opportunity cost throwing the position to the wrong person. -- Ivanka Trump
Opportunity cost is a huge filter in life. If you've got two suitors who are really eager to have you and one is way the hell better than the other, you do not have to spend much time with the other. And that's the way we filter out buying opportunities. -- Charlie Munger
In the end, robots do things that people can do. So there is a cost above which you can hire somebody to do it, and that bounds the opportunity. -- Colin Angle
I was accorded the opportunity to learn by failing - albeit at the cost of a few honourable teachers' sanity - and now I realise what a rare and incredible luxury that is. -- Arabella Weir
We have a government that boasts about free education. Those of us who have scratched below the surface know it is costing us by denying opportunities for others to attend college or university. -- Johann Lamont
There are so many opportunities to make a bad decision in building a robot company on top of all the normal ways that entrepreneurs screw up that it is incredibly difficult to truly create value because it is so cost-sensitive. -- Colin Angle
Ethanol has reduced our nation's dependence on imported energy, created thousands of jobs, reduced air pollution, and increased energy security. And renewable fuels cost less at the pump. It is a growth fuel that fuels opportunities for millions of Americans. -- Lane Evans
Business executives need to start by spelling out and communicating their values. Then they need to lead by example. This means getting rid of the bad apples and declining opportunities that bring instant wealth at the cost of selling one's soul. -- Vivek Wadhwa
For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. -- Marco Rubio
Every breakthrough business idea begins with solving a common problem. The bigger the problem, the bigger the opportunity. I discovered a big one when I took apart an IBM PC. I made two interesting discoveries: The components were all manufactured by other companies, and the system that retailed for $3,000 cost about $600 in parts. -- Michael Dell
Satan is so much more in earnest than we are--he buys up the opportunity while we are wondering how much it will cost. -- Amy Carmichael
By saying Make in India, we are not only inviting companies for cost-effective manufacturing, but also giving them an opportunity of a large market for their products. -- Narendra Modi

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