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Just my thoughts #0674

It is said that to succeed in life or business, you need to judge people well. So, how can we accurately assess others? Instead of focusing solely on the individual, consider their environment. Isn’t it often said that you can gauge a person by their friends? Another useful indicator is their financial disposition—the tendency to spend rather than earn. Attitude toward spending money reveals a significant, if not the most important, part of their character. By examining the environment around the person, it becomes easier to understand their true nature. - Joseph’s “just my thoughts”

Just my thoughts #0493

The biggest crisis for CEOs is the financial crisis . However, symptoms precede this financial crisis; staff around the CEOs stop offering advice. If the staff believes that giving advice is futile and will only worsen the relationship, they will refrain from providing further advice. Nevertheless, most CEOs perceive their aides differently when they remain silent. The CEOs interpret the staff’s silence as a resolution to the conflict of interest . Ultimately, the staff’s silence inevitably precedes a financial crisis. - Joseph’s “just my thoughts”

Just my thoughts #0431

Even though $1 million of one’s own money and $1 million of others’ money are numerically the same, their characteristics will differ significantly. In other words, while money is represented numerically, it serves various purposes, and its usage remains unexpressed when distributed in the market. Money is accounted for to illustrate this situation because the purpose of its use is more significant than the number (amount). Specifically, double-entry bookkeeping is the most reliable method for reflecting both the amount and its use. Therefore, if a CEO doesn’t understand double-entry bookkeeping, it is akin to managing blindly. - Joseph’s “just my thoughts”