Money and Morals: Mencius is regarded as a saint who spoke only of righteousness, but he mentioned a lot of economic issues. Among them, it has been said that humans must have a steady livelihood so their righteousness can also be maintained. According to Mencius, it’s hard to follow human morals without a certain income. To be wealthy, you must have a small, but regular income, which is better than an irregular one. In business, the ‘bottom (seed capital)’ is very important. You need a foundation to start a business. No matter how much capital-less startups are, the fact is that the founders’ labor costs are being consumed. In other words, this means there is a bottom, and nothing is free. Creating a consistent income in life cannot be overstated. If you are struggling due to financial hardship, make sure to have a steady income, even if it’s small. That small, steady income makes the future predictable, turning uncertainty into certainty. Businesses and investments are profitable whe...
On the highway, I saw a warning saying “Half of the death accidents were not wearing seat belts”. This means, “Even if you wear a seat belt, half die.” “Safety” is emphasized by saying “50% reduction in mortality when wearing seat belts”. In the former, 'probability' was noted, and in the latter, the effect of 'reduction' was emphasized. - Joseph’s “just my thoughts”