Invisibly, we engage in a fierce struggle with ‘time.’ Both economic activities and wealth accumulation are battles against time. Time is fair and irreversible. Therefore, it makes sense to evaluate and judge the value of an asset based on time. Additionally, we analyze past records to assess and forecast the future, while also avoiding current deprivation by bringing the concept of ‘future’ into the present to compensate for insufficient assets. All of this is the magic of time. The past influences the present, and the future shapes the present. The present of the past is molded by the current moment, and the future will also attempt to predict what lies ahead by examining the present. We live by differentials and sometimes integrals. I believe this phenomenon occurs because the concept of infinity exists. - Joseph’s “just my thoughts”
Starbucks Korea sells a 355ml tall size cup of Americano at KRW 4,500. It contains 3.5% solid matter to at least manifest tastes and flavors. The rest is just WATER. We should simultaneously drink 96.5% of the water to get just a few 3.5% together. The average production cost of 1ml of tap water in Seoul is KRW 0.00051. That's the same as paying about KRW 4,000 for a cup of tap water of about 350ml. We would think of how much we make money by selling coffee, but it's our misunderstanding. As an excuse for a few solid matters of "coffee", they're selling tap water at the unbelievable price of over KRW 4,000. They're making money with the cheapest solvent 'WATER', not 'COFFEE'. But almost all businessmen are trying to sell the solid matters of 3.5% at a high price. The reason, businessmen cannot make money is they make the wrong selection which cannot make money since the beginning. The making structure is first, and the effort is second. - Josep...