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Just my thoughts #0651

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”

Just my thoughts #0592

A significant part of the business involves a productivity problem, and humanity has addressed this issue through the use of tools. During the era of industrialization , machines served as the primary tools of production , but in the information age , software has largely supplanted hardware. Additionally, smartphones have made both hardware and software more accessible. These digital tools, known as apps, are easy to duplicate and distribute; however, they only become impactful in reality when the hardware, referred to as a computer, is widely distributed. Yet, the reality remains that humanity still doesn’t fully understand the tools at its disposal. As people don’t recognize the true potential of a smartphone, don’t they simply use it only as a phone book, right? - Joseph’s “just my thoughts”

Just my thoughts #0259

My mother uses an old cell phone instead of a typical smartphone. My father passed away without ever owning a cell phone. Though they were my parents living in the same era as technology advanced, they struggled to learn how to use a computer. As a result, my parents felt increasingly out of touch. Existing in the same timeframe doesn’t guarantee that everyone experiences the same advancements in civilization. Although time progresses universally, its impact varies among individuals. This variance is shaped by our memories and cognitive perceptions. Thus, the saying, “You don’t miss your water till the well runs dry” remains relevant. - Joseph’s “just my thoughts”

Just my thoughts #0042

Good design balances "form follows function" and "function follows form. An example of a design where form follows function is an airplane. An example of a design where function follows form is a doorknob on one side of a sliding door that opens only in one direction. It doesn't matter which came first, the chicken or the egg. The more you understand the technology, the better the design will be. With their many features, smartphones have simplified their form with touchscreen functionality. - Joseph’s “just my thoughts”