Market and Salability: The value of a commodity cannot outperform the market. For example, no matter how high a stock’s price may be, it will eventually converge to the overall stock market index. After creating an ETF, which is a financial product that tracks the stock market or a specific industry’s stock index, the ETF was introduced into the stock market, and this is a fact that humanity has only recently recognized. The fact that individual stock prices cannot outperform the stock market. It’s a market adaptation, not market research. Market research is not conducted to beat the market, but to adapt to it properly. It’s about understanding your products or services to adapt to the current market rather than solely focusing on product or service quality. If you align with the market rather than oppose it, you will ultimately achieve success. - Joseph’s “just my thoughts”
The Anchoring Heuristic In 1974, Tversky and Kahneman divided two groups and asked one group to calculate the value of "8x7x6x5x4x3x2x1" and the other group to answer the question "1x2x3x4x5x6x7x8" immediately. The average calculation result of the first group was 2,250, and that of the second group was 512. For both groups, the original answer is 40,320, which is the same. Although they multiplied by the same number, the first group multiplied by the order of the larger number, resulting in a higher baseline adjustment, while the second group did the opposite. When we judge and make decisions, the reference point determines the extent and direction of our illusion. When we live, we have to deal with these fallible human beings. - Joseph's "just my thoughts"