Warren Buffett (and Nearly Every Swedish Economist) Says This Is the Financial Concept You Really Need to Understand

And, more importantly, use on a daily basis. A guy at the gym said he was getting a great deal on a new car. “My payment will only be $500 a month!” he said. Then he asked for my opinion. “What are you paying for the car?” I said. “Doesn’t matter,” he said. “$500 works for my budget!” I tried to …

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