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Just my thoughts #0583

Luxury goods are valuable not only because they are well-made but also because they are scarce. The proof lies in the abundance of counterfeit luxury goods. Controlling production and supply is one of the things luxury goods brands excel at. Initially, quality and reputation create luxury goods; however, the fact that the value of these goods does not diminish but continues to rise is due to the maintenance of scarcity. While customers determine the fate of the product, producers and suppliers also influence the fate of the customer. They achieve this through their offerings. - Joseph’s “just my thoughts”
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Just my thoughts #0582

When a stock is bought, its fate is already decided. The next step is to wait and sell. In the meantime, there is nothing I can do. If I buy a stock and claim that I can do something with it, that means I’m committing a stock manipulation crime. Either wait patiently or don’t tolerate it; sell the stocks. That’s all we can do with stocks after purchasing them. Therefore, patience is as critical an asset as judgment. - Joseph’s “just my thoughts”

Just my thoughts #0581

The better you know your identity, the better you understand what to do and what not to do. It’s essential to excel in what you must do, but avoiding what you shouldn’t do is half the battle for success. If you can’t accomplish what you need to do, start by training yourself not to engage in what you shouldn’t. If you can’t make the distinction or find yourself confused, that indicates you don’t truly understand your identity. Solving all problems begins with understanding one’s identity, whether it’s personal or business-related. - Joseph’s “just my thoughts”

Just my thoughts #0580

In neuroscience, ‘memory’ and ‘forgetting’ are regarded as the same concept. ‘Remember’ presupposes ‘forgetting,’ and ‘remembering’ can lead to ‘forgetting.’ Memory is generally categorized into ‘semantic memory’ and ‘autobiographical memory.’ We do not know when or how we learned that Stockholm is the capital of Sweden. This is referred to as semantic memory, which does not involve an attempt to remember. In contrast, autobiographical memory involves an effort to recall a fact that has been personally experienced. Both types of memory entail forgetting. Semantic memory omits the process of acquiring knowledge, while autobiographical memory strives not to forget. Studying entails the process of retaining or forgetting these two types of memory. When the distinction between them is unclear, we mistakenly presume that others have taken our thoughts and experiences. - Joseph’s “just my thoughts”

Just my thoughts #0579

When someone sings, there is a range and tone that sounds good without any effort. It takes skill and effort to extend beyond that range, but having enough confidence in the fundamental range and tone is much more advantageous. It is an innate talent that will eventually be revealed effortlessly. If you stick to the basics, the craftsmanship will follow. Confidence is built on adhering to the fundamentals. - Joseph’s “just my thoughts”

Just my thoughts #0578

Let’s think about it this way. If you run a business and only make one transaction per day, chances are you won’t keep a record of those transactions because you can remember them. However, if there are hundreds of transactions in a year, or even in a single day, will you be able to remember all those transactions? A business makes a profit, but do you know how much you have earned or how much you’ve lost? After all, if we don’t keep the books, we can’t know the profit or loss. Those book records are called financial statements (balance sheets). You can do business without reading and understanding financial statements, but you’re just doing the hard-working, foolish thing without knowing the real content of the business. - Joseph’s “just my thoughts”

Just my thoughts #0577

The paradox of exclusivity. I can run my business alone, but I soon feel constrained by the competition. To overcome this constraint, I establish an organization and run a company, the purpose of which is to hire others to take my place. I can succeed in business only if I possess unique strengths that others cannot replicate. This is called exclusivity. However, as the business grows, I will encounter the limit of my own development, so I can surpass this limit by creating an organization to replace my exclusivity. The challenge arises that if I establish a system to replace my exclusivity, I will no longer be valuable to the organization. There exists a paradox where the transfer and reproduction of exclusivity are necessary prerequisites for development and growth, yet the original is ultimately discarded. Therefore, to avoid being sidelined within the organization, members strive for greater power. In other words, management is intertwined with politics. In HR management, this cont...