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DanielLC comments on Rationality Quotes October 2013 - Less Wrong
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A good effort doesn't result in valuable software, but it could result in you learning to program better, increasing your human capital.
That's not necessarily false, but it's a dangerous thing to say to yourself. Mostly when I find myself thinking it, I've just wasted a great deal of time, and I'm trying to convince myself that it wasn't really wasted. It's easy to tell myself, hard to verify, and more pleasant than thinking my time-investment was for nothing.
It sure seems like a step up from when your time is really wasted, and you spent it all playing on the computer.
It's a continuum. I certainly wouldn't call a time when you're having fun and training your reflexes or pattern matching ability wasted. Or sleep. Or even sitting around anywhere where you can think stuff and meditate. The only wasted time is the one spent in to much pain to even think.