Joseph's "Just My Thoughts"

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”

Universality: Exclusivity alone does not create value because value is not automatically generated by monopolizing something that isn’t worthwhile. For a monopoly to effectively build value, the monopoly object must be scarce and in limited supply. Conversely, universality also creates value. Scarcity relates to the concept of universality as a correspondence, and the value of universality is also affected by the limitations imposed by scarcity. Nothing has absolute value; all values are merely relative. - Joseph’s “just my thoughts”

Implement: The act of turning thoughts, plans, or wills into reality. There is a significant difference between ‘knowing’ and ‘being able to do.’ Knowing a lot doesn’t mean you’re skilled at it, and just because you’re skilled doesn’t mean you know a lot. It’s limited to ‘knowing,’ and that reality doesn’t change unless you act. It’s crucial to practice “what I can do” first. Even if you have extensive knowledge of stock investing, it’s useless unless you actually invest. Even if you’re poor, you should invest a small amount of money; your knowledge is then put to the test. It’s foolish to study only until you have money and then invest in tangible assets after accumulating substantial wealth. It’s wiser to start with a small investment and gradually increase it as your knowledge is proven. Beginning with what you can do NOW is the ONLY way to truly demonstrate your knowledge. - Joseph’s “just my thoughts”

Iteration and Optimization: It would be great to do something well on the first try, but humans are not perfect. To do it well, you need to go through repeated failures and successes, and during that process, you have to identify the pattern that works best for you. This process is called optimization. Optimization requires iteration. Efficiency and profits are guaranteed by repeating a process until a particular singularity is achieved, thereby maintaining that level of excellence. The general rule for success in society is to iterate and keep optimizing. Being consistent is the fastest way to improve. - Joseph’s “just my thoughts”

Technology Advancement and Ethics: One reason humans differ from other animals is because of ‘ethics.’ Due to this difference, we believe that human beings are unique and that ethics are relatively stable. However, the factor that alters human ethics is the development of science and technology. In 2006, Japanese scientist Shinya Yamanaka discovered that mixing four chemicals with human skin cells could create undifferentiated stem cells. These cells are pluripotent, meaning they can develop into any type of body organ. Before this discovery, it was thought that such cells could only be produced through the combination of sperm and egg, but it was later found that they could also be synthesized artificially. Human philosophies, values, and ethics are trapped within technological advances. As science and technology advance, existing ethical frameworks are increasingly challenged. Now, traditional values that have been defended by gender distinction will experience severe conflict. - Jos...

Human Networking: Although human networking doesn’t guarantee success, it is undeniable that it has a significant impact. According to a 2018 study published by Prof. Paul Ingram and Prof. Mitali Banerjee of Columbia Business School in the USA, friends and networking are more important than creativity for increasing social success and recognition among artists. It is also said that an artist’s friendships influence their creativity. The most notable example is Wassily Kandinsky. Kandinsky believed that multinational connections had a significant influence. That’s not to say that ability isn’t necessary. Ultimately, art also highlights the value of community identity. - Joseph’s “just my thoughts”

Habits and Structuring: The human willpower is of limited help when trying to change habits or create new ones. Everyone has habits that are hard to change. If you repeatedly forget to do something, you may feel embarrassed. In that case, you need to change the structure. For example, change the order of tasks. This is called coupling or decoupling, and connecting new habits with existing ones can make changes easier to implement. For instance, if you often run late in the morning, consider changing the order of your routine or linking it with another habit. If you forget to take your morning medication, try attaching it to another daily activity, such as drinking water before or after a meal, and the habit of forgetfulness will fade. Relying solely on willpower is unwise. - Joseph’s “just my thoughts”