Rejection Cost. From the perspective that my profit is someone else’s loss, and someone else’s profit is my loss, the fact that I have to reject an opportunity to make money for my circumstances is a loss for me and an act of giving someone else a profit. In other words, my added value is not determined solely by productivity but also by the marginal utility generated by the law of supply and demand. Therefore, my labor price should reflect the value that I have given up—the profit I could have gained. If the rejection cost is not included in my profit, I will be at a loss to that extent. Failing to account for rejection costs in production expenses is not wise, but foolish, because it risks my survival. There is no absolute value in this world. All economic values are relative. - Joseph’s “just my thoughts”
Macroscopic and microscopic perspectives sometimes reveal contradictions or conflicts of logic . We must consider the variable of time when forming our thoughts and judgments, because in many cases what is considered right macroscopically may not be appropriate microscopically . In stock investing , stocks deemed correct from a long-term view are often seen as poorly chosen from a short-term perspective . Our values and judgments are sometimes praised and at other times criticized over a certain period. It seems like an innocent prank over time. - Joseph’s “just my thoughts”