Joseph's "Just My Thoughts"

Even though $1 million of one’s own money and $1 million of others’ money are numerically the same, their characteristics will differ significantly. In other words, while money is represented numerically, it serves various purposes, and its usage remains unexpressed when distributed in the market. Money is accounted for to illustrate this situation because the purpose of its use is more significant than the number (amount). Specifically, double-entry bookkeeping is the most reliable method for reflecting both the amount and its use. Therefore, if a CEO doesn’t understand double-entry bookkeeping, it is akin to managing blindly. - Joseph’s “just my thoughts”

The only things that have adapted to the market are “products or services.” Any product or service on the market undergoes an adaptation process involving customers and distributors. Not adapting to the market is merely an idea. Adaptation is great, not brilliant ideas. Anything that attempts to distribute something to the market survives only when it has been adapted successfully. Adaptation involves adjusting, improving, deleting, and organizing. - Joseph’s “just my thoughts”

What does it mean to be good at work? First, you need to understand your priorities well. Priorities are shaped by self-worth and circumstances. The priority is to have empathy, even when there isn’t a clear correct answer. In this world, there’s a correct path that most people acknowledge. It reflects the common values that humanity has agreed upon over time. Second, you need to identify the key point. The point is that even if you eliminate other factors, you should never remove them. Third, everything must align with your purpose. There’s a reason behind everything you do. And finally, you must maintain trust. - Joseph’s “just my thoughts”

One reason for the Dutch’s wealth was the strong trust between the merchants and sailors responsible for trade. Captain Willem Barentsz failed in 1596 while attempting to open a northeast route to the Far East via Novaya Zemlya in the Arctic Ocean. An accident occurred in which 8 out of 18 sailors died after being trapped in glaciers at temperatures of -40 degrees for 8 months, marking a setback for the development of a new maritime route. However, the captain and crew did not disturb the cargo, and on June 13, 1597, they split into two small ships and escaped the glacier. Fifty days later, they were rescued by a Russian merchant ship. Captain Barentsz died on the journey home, but the crew returned the consigned cargo to its owners intact after getting home. Trust means taking your life as collateral. Business is built on this trust. - Joseph’s “just my thoughts”

Credit not only reduces costs and expenses, but it also boosts revenues; none of the economic resources compares to this. According to World Bank senior researchers Stephen Knack and Philip Keefer, a 10% increase in the confidence index would lead to an average annual economic growth rate increase of 0.8%. Individuals who lack trust and only seek financial gain are more likely to be ruined by money. While credit is an abstract concept, we must not forget that it remains one of the few valuable assets influencing our lives. - Joseph’s “just my thoughts”

How do AIs learn? For humans to learn, they must first express their will. In AI, the flow of electricity takes the place of human will. AI learning involves recording, comparing, and making decisions; currently, computation is the only necessity. Humans learn through similar pathways and mechanisms, but the importance of expressing will tends to be essential in human history. People often respect those who excel at learning, as it is not easy to demonstrate will. However, AI substitutes all entities with symbols of electrons and operations instead of will. Doesn’t placing too much value on the will actually impede human learning? Learning stems from comparison and decision-making. Management functions similarly. - Joseph’s “just my thoughts”