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Showing posts with the label mistake

Just my thoughts #0553

Common means relatively few limits. Therefore, the common items should be inexpensive—for example, air. But just because it’s common doesn’t mean it lacks value. It simply signifies a lower price. Just because it’s almost free doesn’t mean it’s without merit. The sector a product belongs to affects the profitable connection between value and price. Daily necessities are inexpensive because they are common, but they hold significant value. If the imbalance between value and price exceeds the risks of an exchange opportunity, a profit is generated. If you capitalize on this opportunity and take a risk to purchase the imbalance, it is referred to as an investment. Opportunities always arise from imbalance. - Joseph’s “just my thoughts”

Just my thoughts #0539

As a result, it is easy to justify a motive or process. Consequently, individuals who distort motives or processes excel at rationalizing their own mistakes and often misrepresent and belittle the original intentions of others. Such a person is adept at criticizing others, lamenting poor outcomes, and frequently exposing an underlying greed for regret. This individual effectively repels assistance from those around them, yet wonders why many betray him or her and depart. They also attempt to overlook the presence of greed at the core of their actions. - Joseph’s “just my thoughts”

Just my thoughts #0334

The significant characteristic of a mistake when it has occurred once is that it tends to be repeated over and over again. Therefore, genuine mistakes are only the first ones. After that, each subsequent mistake proves a lack of wisdom. People rarely change, so instead of trying to change them, we should wisely change the system to which they belong. - Joseph’s “just my thoughts”

Just my thoughts #0163

Some question the need for ethics and a mission in business, even when the company is profitable. A transaction involves meeting needs and recognizing values, both of which connect to “morality.” Trust underpins all transactions, and morality is its foundation. While anyone can err, it is our moral obligation to make amends. Though it may be tempting to disregard that morality by persisting in trade, there are decisions that, without an ethical framework, can lead to irreversible consequences. This is not merely a mistake. - Joseph’s “just my thoughts”

Just my thoughts #0108

You probably suspect that your decisions are reasonably based on your judgment. However, human decisions are made according to the rules and structures at that time. By changing the decision structure and regulations, humans make different decisions under the same conditions. If you make a mistake, you don't have to regret or blame yourself for making the wrong decision. But, if you fail to judge the regulations and structure of the decision, then you must reflect on the mistake. This is to prevent repeated mistakes. - Joseph’s “just my thoughts”

Just my thoughts #0002

Knowing and doing are two very different things. Zhuge Liang, an incomparable genius who was a Chinese prime minister of the Three Kingdoms, knew the deep secret of nature. However, he suffered a great defeat in the most important battle because he wrongly appointed Ma Su as his subordinate general, even though he knew him well and had received a warning about his appointment from the late king. Personnel management is the most difficult thing in the world, and to manage it well is the key to success. - Joseph's "just my thoughts"