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SD

Shreyas Doshi

08/25/22

@ Lenny's Podcast

Opportunity cost is the value of the optimal option minus the value of the chosen option, and minimizing it leads to better prioritization.

Video

LP

The art of product management | Shreyas Doshi (Stripe, Twitter, Google, Yahoo)

@ Lenny's Podcast

The art of product management | Shreyas Doshi (Stripe, Twitter, Google, Yahoo)

08/25/22

Related Takeaways

RR

Russ Roberts

08/07/19

@ Y Combinator

The idea of opportunity cost is crucial for founders; it reminds them that choosing one path means forgoing another, which is essential in decision-making.

SD

Shreyas Doshi

08/25/22

@ Lenny's Podcast

Instead of quantifying opportunity costs, teams should have the freedom to explore and pursue high-impact opportunities that minimize opportunity cost.

SD

Shreyas Doshi

08/25/22

@ Lenny's Podcast

In high leverage roles, focus on minimizing opportunity cost rather than just achieving positive ROI, as this leads to better long-term outcomes.

DC

Dalton Caldwell

08/30/19

@ Y Combinator

The main reason to pivot is opportunity cost; if you're working on something that's not working and you have evidence of it, you're missing out on the potential gains from pursuing other alternatives.

CW

Chris Williamson Cast

04/01/25

@ Chris Williamson

If you can't decide on an opportunity, the default answer should be 'no'. If faced with two equal choices, choose the one that will be more painful in the short term.

DS

David Senra

12/17/24

@ Chris Williamson

Deliberate deoptimization involves choosing in advance what to neglect, allowing focus on what truly matters.

YC

Y Combinator Cast

11/02/23

@ Y Combinator

To assess if you're in a bad situation, consider the opportunity cost of staying versus exploring other job options.

SG

Seth Godin

10/30/24

@ Chase Jarvis

Time is not free; every decision we make has an opportunity cost. We need to be mindful of how we spend our time and ensure it aligns with our strategic goals.

DM

Dr. Michael Platt

02/17/25

@ Andrew Huberman

When making choices, people often pay more attention to potential losses than to potential gains, which can lead to loss aversion and impact their decision-making.