Buffett’s Folly I was fortunate enough to see Warren Buffett and Charlie Munger in person at the Berkshire meetings several times. Their wit and common-sense wisdom never ceased to amaze me. One of the many lessons I’ve internalized from Buffett over the years is the reality of opportunity costs. Here’s how Buffett thought about them ... Read more The post The Spending Tradeoff — Opportunity Costs vs Utility appeared first on Frugal Professor.
