EPISODE · Apr 3, 2022 · 3 MIN
Episode 122: You are paying more than you need to
from PsycHacks · host Orion Taraban
In an auction house, the lot goes to the highest bidder. In a very real sense, the highest bidder wins because no one else in the room believed the lot was worth that much. This means that the highest bidder almost certainly overpaid, and could have secured the same lot with fewer resources. The auction house is a useful analogy for work. In what ways might you be overpaying in your own life? In this episode, I'll discuss how to increase your return on investment through the strategic allocation of resources. #work #investment #money
What this episode covers
In an auction house, the lot goes to the highest bidder. In a very real sense, the highest bidder wins because no one else in the room believed the lot was worth that much. This means that the highest bidder almost certainly overpaid, and could have secured the same lot with fewer resources. The auction house is a useful analogy for work. In what ways might you be overpaying in your own life? In this episode, I’ll discuss how to increase your return on investment through the strategic allocation of resources. #work #investment #money
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Episode 122: You are paying more than you need to
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