Since air is an essential element for survival, its value is infinitely high; however, because it can be obtained anywhere, its price is effectively zero. Nevertheless, pure 100% oxygen is rare and can have a price. The distinction between value and price is important, but many people don’t understand how they differ. Exclusivity of supply is necessary to assign a price to something’s value. Exclusivity means only you can supply it, and people can only buy from you. Time also makes exclusivity. That is the message that you cannot buy it without now. Universality creates value, and scarcity creates price, thereby placing a value on that value. But these two contradict each other. Wealth is always built on contradictions. That’s why business and investment can be so challenging. - Joseph’s “just my thoughts”
Problem-solving attitudes are largely divided into “problem-oriented coping” and “emotional-focused coping.” In a bad situation, wise risk management is “problem-oriented coping.” We want to exclude emotions as much as possible to define the problem and properly prioritize our behavior. Leaders manage people and issues well, not dictatorships or charisma. Emotions make the leader's charisma stand out, but the organization suffers tremendously from the emotional storm. - Joseph’s “just my thoughts”