Nominal Value is the price assigned to an item, such as a book priced at $15.50. Real Value is the adjusted price, considering factors like inflation and depreciation, so the used price of the book reflects this Real Value. Intrinsic Value refers to the worth of the book’s content, which can far exceed its Nominal or Real Value depending on the reader’s ability to understand and apply it. Merchants profit from the gap between Nominal and Real Values, while wise individuals gain by recognizing and utilizing Intrinsic Value. Recognizing and leveraging these values is essential for building wealth. - Joseph’s “just my thoughts”
Umbilicaria esculenta is a kind of mushroom. To pick this mushroom up, a picker must climb a high mountain and approach a dangerous cliff because this mushroom is growing up between rocks. Therefore, umbilicaria esculenta is more expensive than other kinds. One day, the TV show "Korean's Dinner Table" on KBS 1TV showed an episode about the mushroom picker and his old mother. "Don't sell this mushroom at a high price." said the mother, because this would be sold at a higher price, many pickers would die from over-picking even dangerous situations. We should deeply consider what is the mission of our businesses. - Joseph’s “just my thoughts”