Smart People Value Opportunity Cost Over Sunk Costs

Here’s an experience shared by Maoxiaosong:

“When I graduated, I was making 800 a month. Later, when I moved to Beijing, I once landed a business deal and earned a bonus of 25,000 in a single transaction. That’s when I realized that all the money I’d painstakingly saved over the years could be earned in one go. Based on my own experience, my income has roughly quintupled every five years over the past 20-plus years. Today, when I see people throwing themselves into cutthroat struggles over petty gains, I really want to tell them: instead of exhausting yourself competing, you’d be better off elevating yourself just one level. The thing you once fought your guts out for? Now you can earn it effortlessly. You’ll look back and see how ridiculous your frantic scrambling used to seem.”

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