‘Luxury’ has a moral original sin because it is impractical and creates a sense of incongruity between the relatively rich and the poor. Thus, it is true that ‘luxury’ also carries a negative image. However, the rich do purchase luxuries regularly, with a few practical exceptions. This is because luxury items not only incur less depreciation, but their resale value often exceeds the purchase price over time. Think of luxury handbags or jewelry. To preserve or increase wealth, you must have an eye for luxury. This doesn’t mean you should live in luxury; rather, it highlights the challenge of maintaining your accumulated wealth unless you change your habits and attitude toward acquiring assets. - Joseph’s “just my thoughts”
In addition to the humanities, the natural sciences are very helpful in business and management. While the humanities provide human-centered insights, the natural sciences offer as neutral a view of the world as possible. Without the perspective of the world, we can't know the world. Biology gives us an understanding of how organizations and ecosystems work. Physics provides us with a comprehension of the nature of space, the nature of time, and the dynamics of relationships. Knowledge expands the world as we know it. - Joseph’s “just my thoughts”