One of the key principles of money is ‘opportunity cost.’ It means that when I buy something, I have to give up something else in return. We think we buy because we need something, but we often forget that we could buy something else instead. We rarely consider ‘opportunity cost’ when making a purchase. We do not compare other values against our needs. Buying something means giving up something else, but we often don’t realize it. When we spend money, we should also consider the ‘opportunity cost’; yet, in reality, we aren’t trained to do so. By making a purchase, we bypass the value comparison that may not offer any additional benefits. Maybe it’s because we lack knowledge, or perhaps the idea isn’t appealing. - Joseph’s “just my thoughts”
The banana tree is not actually a tree; it is a type of grass. The reason the stalks of this grass are mistaken for trees is that the stalks of bananas accumulate and become hard. Wild bananas contain seeds, but the bananas we eat today are one of the “Cavendish” varieties. People discovered and popularized a seedless mutation for commercial purposes. So, how do bananas grow without seeds? Once a banana has attached, it does not grow again from the same stalk, so the farmer cuts it away. Bananas propagate by transplanting roots that grow next to the severed stems. Therefore, edible bananas around the world share almost identical genetic DNA. Thus, if bananas become diseased, there is a high likelihood of complete annihilation. For life, diversity is an essential condition for survival, and the same applies to companies. - Joseph’s “just my thoughts”