Price vs. Value

Price vs. Value

"Price is what you pay; value is what you get." — Warren Buffet

It's easy to overlook the difference between price and value.

The distinction between labor and leverage relies upon specificity.

How long it takes to learn how to do something is a better proxy for how valuable something is than how long it takes to do something.

If you can learn to do it in a day, it only takes a day to replace you.

Price vs. Value by Visualize Value

Learning is like climbing an infinite ladder.

We're conditioned to think of a single percentage point as an almost non-consequential gain. In conventional wisdom investing, 1% would be laughed at.

How long it takes to learn something is a better proxy for how valuable something is than how long it takes to do something.

It's comforting to think that hitting a certain target or achieving a definable milestone will bring us lasting comfort.

If you make $10,000 or $1,000,000 and spend 100% of it, the outcome is the same.

An abundance of connectivity means you’re only ever a second away from another opinion.

Expecting to excel in anything without consistent practice is the easiest way to lose.