There are two main ways humans can generate income: sales power and volatility. Added value is continuously created through production, which involves actions to generate this added value. By adding new layers of value to basic ones, additional value is created—for example, making bread from wheat flour. The ability to persuade someone to buy this added value is known as sales power. Therefore, VAT is a tax paid by the final consumer. When sales power is strong, a significant amount of added value remains, leading to wealth accumulation. The second method is volatility. We can buy and sell assets that create either fundamental or added value. The former includes items like gold or commodities, while the latter refers to companies and assets such as stocks. Volatility occurs because prices fluctuate based on the sales power of producers, creating added value, and the balance between supply and demand for assets. Warren Buffett has avoided investing in gold because it cannot generate add...
If a baseball player is given chances to keep batting without a count-out, then a super batter will probably come out. If the batter doesn't quit on the batting, he is likely to be a super batter. By the way, life is not three strikes out. If you're okay with that, you can keep bat at bat. "Continuity" is critical when challenging something. The only problem is that you cannot know the moment of success. So to maintain persistence, how much I desire and love it is more important. How well you do is the next question. - Joseph’s “just my thoughts”