Nominal Value is the price assigned to an item, such as a book priced at $15.50. Real Value is the adjusted price, considering factors like inflation and depreciation, so the used price of the book reflects this Real Value. Intrinsic Value refers to the worth of the book’s content, which can far exceed its Nominal or Real Value depending on the reader’s ability to understand and apply it. Merchants profit from the gap between Nominal and Real Values, while wise individuals gain by recognizing and utilizing Intrinsic Value. Recognizing and leveraging these values is essential for building wealth. - Joseph’s “just my thoughts”
Every day, I examine the world map. When I zoom in, the map reveals a world I have yet to discover. There are countless unknown places on this planet that I have not experienced. By observing the geography, countries, and attractions, I can learn about history and broaden my perspective on the world. Looking at the map prompts me to reconsider space, time, and culture. For instance, in the Bering Strait, Big Diomede Island belongs to Russia, while Little Diomede Island is part of the United States, and the distance between them is only 3.7 kilometers. The International Date Line passes between these two islands. Even if we were to cross the distance by ship, it would take about 9 minutes at a speed of 15 knots. However, after those 9 minutes, we would find ourselves a full 21 hours behind. This situation illustrates that time is more of a human agreement than a mere physical measurement. Ultimately, learning and personal development are fueled by continuous questioning and doubt. ...