Opportunity cost

The first time I saw this phrase “opportunity cost” was on the economic books. However, I did not pay too much attention to it. Last week we talked about the global economy and unicorn brought back my memory about this phrase. “Opportunity cost” means the cost and risk that between what you invest and what you harvest. This actually happens to everyone everyday and everywhere. What we do to measure the cost and the benefit. Then we can make some decisions.
I faced plenty of opportunity cost decisions. The first one is whether I should come to Singapore or not. I will spend one of my best ten years in a foreign country apart from my relatives and friends. I also can acquire a different and high quality education. Maybe I cannot adapt to the life and lose my direction whereas this also can be a valuable opportunity which I will regret if I miss. For me, choosing this needs big courage. I believe the margin benefit will be larger than benefit cost.
Currently, I lost into another opportunity cost case. Of course that is what kind of people I want to be in the future. I have to think carefully about my choice. I am not only choosing my major and my Hall. I am choosing my life, my future. A distinctive feature of opportunity is that you have to face both attracting of benefits and adventures of loss. Most of the time the foregrounds are vague. No one can foretell what lies ahead, but you have to make predictions and make your choice wisely. There is no such thing as free lunch in the world. No matter what decision you make, you can never come back. So think carefully before you make a deal.