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William Mooney: Review

The guest speaker that I would like to follow up on was William Mooney.  Professor Mooney also happened to be the speaker that my team and I introduced. I promise I am not being biased at all. William Mooney is basically the king of finance. https://www.linkedin.com/in/williampmooney/ This is his LinkedIn page in case you'd like to find out for yourself.
Personally I have always been a fan of the marketing side of business. Finance never came easy to me, but trying to sell something to someone. I loved that. When Professor Mooney came in I had a fingertip on the world of finance. I knew it exists but I did not want anything to do with it. Professor Mooney came in and started speaking about how no matter what you do finance is important. He explained that it did not matter what our majors were it is important because it is about investment. Time is and investment. How were we going to spend our time? This peaked my interest immensely. He just related something I hate to my life. I knew I wanted to learn more.
A big thing we talked about was opportunity cost. Bill Mooney discussed this while also we learned about it in the book. The definition of opportunity cost is, "the loss of potential gain from other alternatives when one alternative is chosen." (Google Dictionary). This means that if I choose to do one thing I'm losing the opportunities that would come with the opposite choice. "If you spent the money on an original iPod in 2001 on Apple stock ($499), you would have $14,513.78 today." (The Economist). This is something we do everyday and I found this to be very important and I was happy to learn more about it during Professor Mooney's presentation.

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