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”
Identifying my existence prompts the question: how can I prove it? We can define existence in biological terms, but first, we must approach it philosophically. This is achieved through the concept of a “statement.” The expressions “I am OO” or “you are OO” serve as philosophical assertions rather than scientific proof. If we dismiss the significance and authority of these statements, we encounter numerous problems and discomfort, as they lead me to doubt everyone I encounter. Statements are the fundamental components of a narrative. They delineate existence, with definitions articulated through sentences that create the story’s context. This entire framework is referred to as a “narrative.” - Joseph’s “just my thoughts”