Opportunity Cost: Making a choice means sacrificing something else at the same time because we can’t have everything. If the value of what is given up is significant, then the choice incurs a relative loss, and it is up to the CEO to recognize this as a cost. In reality, whether I am aware of the opportunity cost or not, it still impacts my current financial situation. However, to calculate profit or loss as an opportunity cost, there must be a future opportunity to forgo the current choice and select an alternative. No one should keep repeating the cycle of giving up and choosing without knowing whether the next decision will be beneficial or not. Giving up is worthwhile only when the next option is good. - Joseph’s “just my thoughts”
A wise person advises us not to hold grudges against anyone in our lives. This is because if I foster a grudge, even if it’s physically disconnected from each other, that grudge will eventually interfere with my life. Blessings and grudges also operate beyond my time. It’s just problematic because it doesn’t align with the timing I desire, and our lives are intertwined with an inevitable fate that transcends time in this way. - Joseph’s “just my thoughts”