Joseph's "Just My Thoughts"

If you’re alone on an uninhabited island, you don’t need money; you only need resources and labor to process those resources for survival. In other words, there’s no need for an exchange-based economy. The exchange of goods led to the development of an economic system that dramatically increases efficiency and productivity. The monetary system was created because society consists of many people living together. To facilitate exchange, value had to be measured, and a price assigned to that value. The foundation of wealth is built on production and exchange. We all rely on others to survive. - Joseph’s “just my thoughts”

According to author and leadership consultant Simon Sinek, our brains don’t understand the concept of negativity. For example, giving a negative command to yourself, “Don’t think of elephants!” doesn’t mean you don’t think about elephants; instead, it emphasizes thinking about elephants. It means that “do this!” rather than a negative command of “don’t do it!” leads to a behavior-oriented change in humans. If you use negative expressions when asking or begging someone, you are likely to be rejected or fail. “Eat at the table!” is more likely to result in cleaning the house than “Don’t eat on the sofa!” - Joseph’s “just my thoughts”

There are two main ways humans can generate income: sales power and volatility. Added value is continuously created through production, which involves actions to generate this added value. By adding new layers of value to basic ones, additional value is created—for example, making bread from wheat flour. The ability to persuade someone to buy this added value is known as sales power. Therefore, VAT is a tax paid by the final consumer. When sales power is strong, a significant amount of added value remains, leading to wealth accumulation. The second method is volatility. We can buy and sell assets that create either fundamental or added value. The former includes items like gold or commodities, while the latter refers to companies and assets such as stocks. Volatility occurs because prices fluctuate based on the sales power of producers, creating added value, and the balance between supply and demand for assets. Warren Buffett has avoided investing in gold because it cannot generate add...

The dew is small, but because of its transparent, convex lens-like shape, it captures everything around it in that tiny water droplet. The fact that such a small size can contain so much information is truly astonishing. Sometimes size matters, but material and shape are often more important. If your bowl is small, don’t be discouraged; it’s better to focus on the material and shape. Greatness makes no excuses. - Joseph’s “just my thoughts”

As a family, there are things we can do and things we cannot do. According to the level of intimacy, actions that are appropriate and those that are not are classified based on the type or nature of the relationship. Our actions are limited by relationships. Relationships influence behavior. Ignoring this is called ‘immorality.’ It is foolish to believe we can do everything by our will. Human beings are destined to do what is proper within a relationship and avoid what should not be done. - Joseph’s “just my thoughts”

We usually measure ‘value’ in terms of ‘price.’ Value is an abstract concept, and price is a number expressed in terms of value. Value is an economic concept, and price is an accounting concept. The problem is that the price in terms of value is not always the same as the price. Of course, the same value differs depending on the situation and also varies according to the values and beliefs of the person who recognizes it. This deviation is detrimental to some and beneficial to others. Facts are unscientific phenomena that circumstances create. Therefore, insight into the situation is a valuable ability in any case in this world. - Joseph’s “just my thoughts”