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”
Survival is true success. No matter how successful you are, you can’t grasp the fruit with your hands if you can’t survive, and survival itself results from choosing excellence —something no one can fully attain. Of course, luck also plays a role in survival. So, survival is never easy. During tough times, these words of wisdom can help: “This too shall pass.” But we also need to prepare for what to do once that “passing time” has truly gone by. When you succeed, remember, “This too shall pass.” Whether it’s good fortune or disaster, success or failure, you should see all of these as just “processes.” However, if you see them as “conclusions,” everything is wasted. These attitudes demonstrate why a peaceful mind is the most useful and humility is the most valuable asset. In front of the “process,” everything is a high-variability asset whose value shifts. Even suffering follows the same principle. - Joseph’s “just my thoughts”