The only two questions, at any moment of choice... - Deepstash

The only two questions, at any moment of choice in life, is what the price is, and whether or not it’s worth paying.

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realmofwisdom

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12 Powerful Lessons from “Meditations for Mortals”

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2. Value Determines Price And Costs Are A Choice

With value being in the eyes (and experience) of the consumer, the price they are asked to pay must be (much) lower. The entrepreneur’s job is to figure out at what price their product is attractive, and then choose a cost structure that allows for profit. In other words, the price is a

When people say flatly, “we only buy A” or “A is a superior asset class,” that sounds a lot like “we’d buy A at any price . . . and we’d buy it before B, C or D at any price.” That just has to be a mistake. No asset class or investment has the birthright of a high return....

Experiences are desires

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