Ep. 61: Your First Loss Is Your Best Loss with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Cost of Choosing the Right Opportunity
Sunk cost: You spent the money. Opportunity cost: If you are doing A, you can't do B. Time value of money: I was not an undergrad business major. There is a cost to choosing one opportunity over another. When comparing opportunities, comparing the current opportunity you've selected to the one that you might not have even imagined is a cost.
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