Investing means investing time, not people or assets. The object you invest in doesn’t generate money; time does. Failing to understand the role and principles of time in business and investment is a waste of energy. Because time is invisible, we often overlook it or fail to recognize its impact and role. This world is driven by probability. When dealing with probability, the first thing to consider is the invisible nature of time. Ignoring this fact leads to waste and inefficiency without us even realizing the damage. - Joseph’s “just my thoughts”
Value and price are different. Value results from relative comparison, and the numerical expression of this result is price; however, value and price do not always align . If the price-to-value ratio is positive, the seller makes a profit while the buyer incurs a loss. Conversely, if it is negative, the seller faces a loss, and the buyer gains a profit. Transactions occur at price, not at value . Handling the ground differs from selling without knowing that gold is buried and purchasing with that knowledge while keeping it hidden. The disparity between value and price creates a divide between wealth and poverty . - Joseph’s “just my thoughts”