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Just my thoughts #0739

Since air is an essential element for survival, its value is infinitely high; however, because it can be obtained anywhere, its price is effectively zero. Nevertheless, pure 100% oxygen is rare and can have a price. The distinction between value and price is important, but many people don’t understand how they differ. Exclusivity of supply is necessary to assign a price to something’s value. Exclusivity means only you can supply it, and people can only buy from you. Time also makes exclusivity. That is the message that you cannot buy it without now. Universality creates value, and scarcity creates price, thereby placing a value on that value. But these two contradict each other. Wealth is always built on contradictions. That’s why business and investment can be so challenging. - Joseph’s “just my thoughts”
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Just my thoughts #0503

The fantastic idea I had was that someone else in the world had the same idea. An easy place to check is the stock market. People in the world are either as smart as I am or smarter than I am. There are no good ideas, only different thoughts. It is essential to try to think differently from others, even if the utility value of different thoughts is not high. The utility value of thought increases only when the ability to grasp the essence and the experiences gained from life come into play. Think differently from others within your own abilities.


- Joseph’s “just my thoughts”




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