What if I derive a utility that I estimate to be equal to $500,000 from having a fancy car? Am I then getting richer if I buy that car for $100,000 instead of buying stocks or Bitcoin?🤔
RE: Do you know your opportunity cost?
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What if I derive a utility that I estimate to be equal to $500,000 from having a fancy car? Am I then getting richer if I buy that car for $100,000 instead of buying stocks or Bitcoin?🤔