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I can understand the idea behind opportunity cost and it makes sense in theory, but I think it's only one part of an investment decision for an investor. If you always thought this way, you would ultimately only buy one share because you thought it was the best and every other investment would lose out in comparison.

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I LOVE coal as an investment. Low P/E, high divvies and/or share buybacks, minimal Capex needs, countries building coal-fired plants like crazy to fuel their EV fleets. My favorite Buffet investment of all time is See's Candies, which demonstrates both his flexibility and keen eye for value. Darn good product too.

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Awesome post, in every line.

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