Blog wisdom

From a blog called Asparagus Pee:
http://chrisandjanet.net/weblog/blogger.html
"I was visiting with my good friend Bob the other day, and he showed me this model for evaluating projects. The idea is that everyone wants things to be Good, Fast and Cheap, but in real life, you only get two. So if you want to remodel your kitchen, you can go cheap and good and do it all yourself, but it won't be fast, or you can hire it done and get it done well as quickly as possible, but it won't be cheap. Or you can hire it done by a bunch of unlicensed people with little experience, and it may be fast, and it may be cheap, but it won't be good.
He pretty much convinced me that you can apply this model to everything."

Discuss.