Going forward with the wrong thing, the suboptimal allocation of your time or attention, costs more than just doing the wrong thing. There’s all the gain of what the right thing would have brought. Now that time is spoken for, now you’re spoken for, the right thing cannot find you.
A calendar filled with 7/10s is the cost of the 10s that have now diverted their course because you didn’t wait for them.
“Don’t just do something, stand there!” said Charlie Munger. Standing there feels hard. Silence is deafening and stillness is uncomfortable. But if you speak you won’t hear it. If you move, you’ll miss it. Wait for it, spot it, then go.
