The Price of Silence

What is the cost of silence? Or rather what is the opportunity cost of silence? So let's back up a step. In college I took Economics (actually I took three different Econ classes because it fascinated me) and one of the terms that they drilled into our heads from the onset was opportunity cost. In the simplest terms and the most convenient definition opportunity cost was described as the thing you give up to get something. I always remembered this way, if investing your money in company A would net you a $X profit. However while that money is tied up you could use it for another investments. So the opportunity cost of $X profit is the other things you could do with the capital.

So circling back around. The cost of silence is one thing but the opportunity cost of it is quite another. What could you have done while you sat in silence? What do we give up when we are silent? To be continued,..