Occupy and Move: These concepts are the key to wealth. Here, ‘occupy’ means owning goods, and ‘move’ refers to transferring ownership through exchange. Wealth is built by accumulating possessions. For accumulation to occur, a good must first be owned by someone else and then transferred. The transfer of ownership is what I call the movement of goods. To transfer, a payment is made to the current owner, usually in currency. Currency simplifies exchanges, as it is easier to move and issue than physical goods. Today, currency moves electronically, accelerating transactions. Had goods always been exchanged directly for other goods, exchanges and wealth accumulation would progress more slowly and inefficiently. The economic system now manages prices by adjusting the money supply, controlling the value of goods relative to currency, since money is easier to manage than goods. Business and investment outcomes depend on whether wealth is stored in money or in goods. If you emphasize goods, pat...
The tallest mountain in the solar system is Olympus Mons on Mars, towering about three times higher than Mt. Everest. Its area, covering 295,000 ㎢, surpasses the size of the Korean Peninsula (220,850 ㎢) and is nearly equivalent to that of France or Arizona. While Olympus Mons has a greater height than any mountain on Earth, its vast area results in an average slope of only 5 degrees. As a result, hikers who ascend Olympus Mons often feel as if they are traversing a flat plain. For humans, the steepness of a climb matters more than its height. For example, ascending a steeper 5 m pole can be more challenging than gradually scaling a 500 m mountain. In life, choosing the right slope to climb is often more crucial than focusing solely on the height reached, whether going uphill or downhill. - Joseph’s “just my thoughts”