The foundation of intelligence is memory. Without memory, intelligence cannot develop or function properly. Creativity also relies on memory as a necessary prerequisite. Forgetting is also a phenomenon caused by memory. If there were no memory, there could be no forgetting. Without forgetting, memory capacity becomes overloaded, leading to various issues. From a memory perspective, forgetting is something to be grateful for. Essentially, intelligence is driven more by memory than by logic. The strength of memory shapes priorities and influences value formation. However, humans have eventually delegated memory to external tools outside of our consciousness, not our brains. These are called records. Examples include books and cell phones. Your cell phone is an extension of you. - Joseph’s “just my thoughts”
In business, capital means business funds. A successful entrepreneur often says, "I started my business without any capital". It's partly true, but it's a lie. The entrepreneur just said that capital means only cash. However, all kinds of businesses need to be fundamentally business funds in any even not cash. The entrepreneur didn't count the founder's labor cost. No inputs, no outcomes. The uncounted labor costs are called "alternative costs" or "opportunity costs". This comes from comparative advantage. If the entrepreneur doesn't accept the uncounted labor cost as a debt, the entrepreneur is equivalent to losing the profit due to opportunity costs. Please always remember this. There is no free lunch in this world. - Joseph’s “just my thoughts”