What I spend is someone else’s income. Apple co-founder Steve Jobs discussed every morning at breakfast with his family about buying a set of Miele washing machines and dryers from Germany for two weeks. Why? Of course, it was to teach their children about economics and to illustrate a lesson about opportunity cost, a common trait among wealthy people. If you buy this washing machine, you cannot buy that one. That is the opportunity cost. It’s a form of relative value, based on the idea that choosing one option means sacrificing another, so the value of each can be compared within those limits. Wealth begins with training in understanding even trivial opportunity costs. To succeed in business, you need to learn how to measure opportunity cost first, rather than just how to make money. - Joseph’s “just my thoughts”
Identifying my existence prompts the question: how can I prove it? We can define existence in biological terms, but first, we must approach it philosophically. This is achieved through the concept of a “statement.” The expressions “I am OO” or “you are OO” serve as philosophical assertions rather than scientific proof. If we dismiss the significance and authority of these statements, we encounter numerous problems and discomfort, as they lead me to doubt everyone I encounter. Statements are the fundamental components of a narrative. They delineate existence, with definitions articulated through sentences that create the story’s context. This entire framework is referred to as a “narrative.” - Joseph’s “just my thoughts”