Only when there is a surplus can new things be created. Surplus means having more than what is necessary. Creating something new requires an initial investment in advance. Whether it’s labor or capital—that is, whether labor is purchased with capital—energy can only be used for new work if there is a surplus. Only with prior investment can something entirely new, never seen before, be made. The existence of something that did not exist before in this world results from someone putting in their surplus first. - Joseph’s “just my thoughts”
Management is the activity of transforming uncertainty into certainty to create predictability . For example, investing in stocks when you don’t know when or how much you’ll make is a gamble , but finding a way to achieve an average return of 15% per month is management. Bank loans have a fixed schedule for when and how much principal and interest must be repaid. It is not the banking business where you can repay or request repayment at any time when you have funds. Nevertheless, we gamble or engage in a ritual for rain , mistakenly believing that it is management. - Joseph’s “just my thoughts”