Wealth can only be accumulated when ownership is secured by humans. Debt is a relative concept that stems from ownership and establishes the idea that others’ property must be returned to the original owner. Debts are useful when managed properly, but they also come with the burden of repayment. The obligation to return others’ property is rooted in human morality, which is ultimately linked to the foundation of economic activity. Living with good people is a crucial factor in achieving wealth. Therefore, people come before money. - Joseph’s “just my thoughts”
One of the most important essentials of business is cognitive dissonance resolution. When researching who watches the Ford Motor Company commercials the most, the results are not potential customers but purchased customers. They want to confirm that their decisions were right or to receive continuous support after their purchases. Because we can never go back to the past, getting confirmation and support from someone makes us easy and comfortable beyond our regrets. So the company's strategy should focus on repurchasing the existing customers, not the new ones. In many business cases, businessmen should avoid assumptions or predictions. We shouldn't run a business depending on our thoughts only. - Joseph's "just my thoughts