The document discusses the tradeoff between cost and performance for storage solutions. It argues that focusing solely on short-term cost reductions can hurt businesses in the long run. Some common missteps driven by cost are eliminating important data to save space, limiting backups which makes restores risky and slow, and mindlessly adding more storage hardware instead of optimizing existing systems. The document advocates for comprehensive strategies that balance both cost and performance, such as data reduction technologies, tiered storage, and virtualization.