The real cost
Thanking @ jossef69 for his help in tweaking (as he choose to call it) this piece. Check him out here . One of the greatest expenses you will ever have in your life is opportunity cost- Warren Buffet. Chief Peter had an accident and lost his car; a GMC 2014 limited edition. He was en route to present the classy wheels to his daughter on her 21st birthday. Mister Paul also had an accident with his 1996 model Beetle that managed to double as a private vehicle and a taxi. It happened on one of his incessant visits to the doctor…. oh, mechanic. Here are the questions before us: What is the common factor? Both of them lost their cars in an accident. How are they different? One has fleet of cars; the other has fleet of cares. What is the cost of the accident? The former loses a little portion of his salary’s worth while the latter have creditors breathing down his neck. What is the opportunity cost? For Chief, it is the daughter’s goodwill he would have enjoyed as a result of ...