Iteration and Optimization: It would be great to do something well on the first try, but humans are not perfect. To do it well, you need to go through repeated failures and successes, and during that process, you have to identify the pattern that works best for you. This process is called optimization. Optimization requires iteration. Efficiency and profits are guaranteed by repeating a process until a particular singularity is achieved, thereby maintaining that level of excellence. The general rule for success in society is to iterate and keep optimizing. Being consistent is the fastest way to improve. - Joseph’s “just my thoughts”
Let’s say I’m a potato farmer. Assuming that I can survive by eating only potatoes, I become wealthy when I work hard to increase potato production. However, to survive, we also need shelter and clothing. No matter how much money we have, we cannot eat the money itself as food. In other words, exchange is vital for survival. This means that if we have to rely on one job, we can only survive by trading needs, apart from potatoes, with other producers, using the output we gain from that job. In an agricultural society, production determined wealth, but in a modern society where industrial products have taken the place of other needs, the greater the potential for exchange between ourselves and others, the more advantageous it is for survival and the greater the potential for wealth. This is known as the power of distribution. The more sales channels you have, the stronger your business competitiveness and market influence. The ability to sell a lot is paramount. - Joseph’s “just my thoug...