We describe the size and qualities of a human being’s capacity as a ‘bowl.’ People often say that luck or opportunity that exceeds the size of one’s bowl is rather harmful. That’s why people advise you to either seize the luck and opportunity that fit your bowl or make your bowl bigger. So, how do you determine the size of the bowl? Congenital conditions may also influence it, but acquired experiences and self-reflection are factors that shape the size of the bowl. Since I can’t force myself to create luck and opportunity, all I can do is develop my judgment and have the courage to accept or reject. The key to judgment is to avoid underestimating or overestimating yourself. Ultimately, it is most important to understand your own identity properly to make a true bowl. - Joseph’s “just my thoughts”
In business, capital means business funds. A successful entrepreneur often says, "I started my business without any capital". It's partly true, but it's a lie. The entrepreneur just said that capital means only cash. However, all kinds of businesses need to be fundamentally business funds in any even not cash. The entrepreneur didn't count the founder's labor cost. No inputs, no outcomes. The uncounted labor costs are called "alternative costs" or "opportunity costs". This comes from comparative advantage. If the entrepreneur doesn't accept the uncounted labor cost as a debt, the entrepreneur is equivalent to losing the profit due to opportunity costs. Please always remember this. There is no free lunch in this world. - Joseph’s “just my thoughts”