A note from Daniel

It is critical to put trade-offs in the context of slack. Slack is simply having enough of a resource that you can easily handle an unexpected demand on it. Having slack in your income means that you can easily absorb emergency expenses such as a new car battery or roof repair. The more slack we have in resources, the less critical trade-offs appear in our calculations.

Daniel The Great Mental Models, Volume 4, page 66 · December 16, 2024 Save to shelf
Notes like this take four seconds in Booksense. Scan the paragraph, it lands on the right page, and comes back for review later. Take your first note

More from readers of The Great Mental Models, Volume 4

More from Daniel

See their profile

Stop losing the best parts of what you read.

Booksense pushes your highlights back to you for review, so a note from page 174 is still yours a year later. Free on iOS.

Daniel on Booksense 5,999 notes 387 hours of reading