There are two main ways humans can generate income: sales power and volatility. Added value is continuously created through production, which involves actions to generate this added value. By adding new layers of value to basic ones, additional value is created—for example, making bread from wheat flour. The ability to persuade someone to buy this added value is known as sales power. Therefore, VAT is a tax paid by the final consumer. When sales power is strong, a significant amount of added value remains, leading to wealth accumulation. The second method is volatility. We can buy and sell assets that create either fundamental or added value. The former includes items like gold or commodities, while the latter refers to companies and assets such as stocks. Volatility occurs because prices fluctuate based on the sales power of producers, creating added value, and the balance between supply and demand for assets. Warren Buffett has avoided investing in gold because it cannot generate add...
We cannot drink water while being immersed in it for survival. Without assistance from the air, it is impossible to drink water. Water is a vital substance for humans, but its intake is only possible when air acts as a medium. What I possess and how I utilize it are very different matters. The same goes for relationships. What brings happiness in a relationship is more important than how close the relationship is. For humans, many situations are pointless if values exist in only one state. - Joseph’s “just my thoughts”