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Just my thoughts #0652

I advised a CEO to read books regularly. But he said he didn’t even have time for reading because of his business. I didn’t tell him to read a lot; I only suggested that he do it on a regular basis. It’s not easy to start with a large amount, but it’s easy to give up or refuse to continue. Still, doing a small amount consistently is also difficult, but the goal is to build a habit. Reading is an extension of management activities that managers must do, not because they have time to spare, but because neglecting it can harm management by limiting their knowledge of the world and others’ experiences. Of course, reading doesn’t guarantee success or prevent failure. However, there’s no doubt that it’s the most fundamental activity that can help individuals grow and organizations thrive through the knowledge and experience gained from reading. A fool fills 100% of his life experience. A wise man fills it with 1% inspiration, 29% reading, and 70% implementation. - Joseph’s “just my thoughts”

Just my thoughts #0650

Invisibly, we engage in a fierce struggle with ‘time.’ Both economic activities and wealth accumulation are battles against time. Time is fair and irreversible. Therefore, it makes sense to evaluate and judge the value of an asset based on time. Additionally, we analyze past records to assess and forecast the future, while also avoiding current deprivation by bringing the concept of ‘future’ into the present to compensate for insufficient assets. All of this is the magic of time. The past influences the present, and the future shapes the present. The present of the past is molded by the current moment, and the future will also attempt to predict what lies ahead by examining the present. We live by differentials and sometimes integrals. I believe this phenomenon occurs because the concept of infinity exists. - Joseph’s “just my thoughts”

Just my thoughts #0551

Transactions are made at a price. The value must precede the price, and this value arises because of the limit. Everything in the world is finite. It’s frustrating and sad due to that limit, but it’s worth it in the end because you can’t do it anymore. As the limit approaches infinity, the value decreases, and the smaller the limit range, the greater the scarcity , which leads to a higher value. If there are hundreds of gold medals in one event at the Olympics , that gold medal loses its value. There is a high probability of finding value where there is a limit. Depending on one’s perspective, someone’s limitations can become opportunities. - Joseph’s “just my thoughts”