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”
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”