Numbers and Management: Without numbers, a business can’t grow beyond a certain point. Here’s a simple example: imagine you go to the bank to get a loan because you don’t have enough cash for your operations. To qualify for a business loan , you need financial statements like balance sheets . Banks don’t lend based on looks or abilities but decide if your current financial situation is promising for the future. It’s hard to get a loan if you don’t tell a story with numbers. If you rely solely on bank deposits , you’ll spend what you have or borrow if you run out. That keeps your business running as it is, but without verifying your creditworthiness with numbers, don’t even consider borrowing from the bank. Good debt can create leverage, but bad debt can wipe out even your past gains. - Joseph’s “just my thoughts”
In the West, human thinking has primarily developed through formal logic . In formal logic, truth and falsehood cannot coexist. However, in Eastern thinking , it is seen as possible. Some Western dialectical ideas were already recognized in the East. Three main dialectical concepts are: first, reality is constantly changing, so what is true now can become false later (the principle of fluctuation ). Second, due to this ongoing change, contradictions always emerge, and these contradictions drive further change (the principle of contradiction ). Third, the whole is greater than the sum of its parts, and each part relates to the whole (the principle of relationality or holism ). This is reflected in yin and yang in Eastern philosophy and Taoism. Eastern thinking regards contradictions, confrontations, and change as natural phenomena. This mindset difference also influences management and investment . If the economy improves, Westerners tend to believe it will keep improving, while Asia...