Yearly Archives: 2014

Don’t Confuse Value and Sunk Costs

Yesterday, I was in the middle of “intense” negotiations regarding a fantasy football trade and I was quickly reminded about a Warren Buffett quote that is often repeated.  It was from the Berkshire Hathaway 2008 Annual Letter, Long ago, Ben Graham taught me that “Price is what you pay; value is what you get.” Whether we’re talking about… Continue Reading