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Showing posts with the label consideration

Just my thoughts #0830

Future and Attitude : My current attitude toward the future shapes my outlook on it. How I perceive the future influences my actions and mindset now. By analyzing past experiences, I identify patterns that help me compare and validate my expectations and predictions for the future . In other words, the past serves as material for judging the future. Therefore, my judgments and current behavior stem from reflecting on the future I have already envisioned . If I don’t decide on my outlook and attitude toward the future, my present self remains undefined. This is known as ‘CONFLICT.’ Today, an unclear future coexists with past experiences that form specific patterns. Why is time important? Because to exist in the present, both past and future must be simultaneously present. If these two tenses are not reflected now, decision-making stalls , and conflict continues due to its effects. - Joseph’s “just my thoughts”

Just my thoughts #0587

Capitalistic thinking is not about domination by capital; it refers to financial thinking. The economy revolves around exchange. The performance of the counterparty corresponding to what I want to exchange is called ‘ consideration ,’ and a ‘ transaction ’ is the accumulation of added value by exchanging equal considerations. However, among transactions, this consideration is not relative but absolute; trading solely in one fiat currency as consideration is termed ‘ finance .’ When I obtain a loan, the bank lends me fiat currency (the bank’s consideration), but my obligation is to return the fiat principal plus the contracted interest . The consideration in this transaction is unidirectional, involving only one fiat currency. In contrast, when I buy shoes, the seller has an obligation to hand over the shoes to me, and I have a counterpart obligation to pay in fiat currency. Once these two considerations are exchanged, an industrial transaction occurs. However, as noted earlier, in f...

Just my thoughts #0130

In his book, “Thinking, Fast and Slow,” the Nobel Prize winner in economics, Daniel Kahneman, said that humans have two systems of thinking. These two thinking systems were called “system 1” and “system 2”. “System 1” is an intuitive and emotional thinking system that operates unconsciously and immediately. “System 2” is rational and is determined by careful consideration. “System 1” is advantageous for survival in a crisis and works immediately, so operating costs are less than “System 2”. When humans make decisions, they decide 95% with “System 1” and 5% with “System 2”. Humans decide by emotion, but by reason, they must revenge those foolish emotions. - Joseph’s “just my thoughts”