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”
I don’t write because I know something. The more I write, the more I discover. Our brain’s thinking circuits and our writing circuits operate differently , and when we write, our various perspectives start to process things we previously only thought about. When we write, the action that remains as a graphic and continues to stimulate our eyes also influences our thinking. Training to think and understand a concept requires using several thought tools . Write every day without exception . It’s perfectly fine if you don’t do it stylishly, and it’s okay if you don’t write a lot. Write because the act of writing itself provides a fresh perspective on your thoughts. - Joseph’s “just my thoughts”