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”
Organizations with perfect leaders clearly achieve results. People might assume that such leadership is excellent due to its accomplishments. However, a perfect leader makes decisions only within the limits of their knowledge and does not propose or challenge areas they do not comprehend. After all, a perfect leader shouldn’t fail. As a result, only yes-men surround the perfect leader, while those who disagree tend to leave the organization. What will remain for that leader in 10 or 20 years from such success? - Joseph’s “just my thoughts”