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Investments glossary

There Ain’t No Such Thing as a Free Lunch (TANSTAAFL)

There ain’t no such thing as a free lunch (TANSTAAFL), also known as there is no such thing as a free lunch (TINSTAAFL), is an expression that describes the cost of decision-making and consumption. The expression conveys the idea that things appearing free always have a cost or that nothing in life is truly free.

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