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Just my thoughts #0730

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...
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Just my thoughts #0186

The true opposite of conscientiousness isn’t laziness; it’s hastiness. If integrity is defined by consistency, then laziness contrasts with integrity. However, if we emphasize completion and a meticulous, persevering approach, then impatience and careless actions can undermine everything. Think about your own perspective. Which definition resonates with you more?


- Joseph’s “just my thoughts”




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