Nominal Value is the price assigned to an item, such as a book priced at $15.50. Real Value is the adjusted price, considering factors like inflation and depreciation, so the used price of the book reflects this Real Value. Intrinsic Value refers to the worth of the book’s content, which can far exceed its Nominal or Real Value depending on the reader’s ability to understand and apply it. Merchants profit from the gap between Nominal and Real Values, while wise individuals gain by recognizing and utilizing Intrinsic Value. Recognizing and leveraging these values is essential for building wealth. - Joseph’s “just my thoughts”
People don’t work efficiently at first. Efficiency comes from trial and error . In other words, if you don’t try, your chances of becoming efficient are slim. The navigation system only works when the destination is entered. More importantly, it only functions well when the starting point is input accurately. The system recognizes the starting point automatically and guides you to the destination, but if the origin is wrong, problems will occur. Change, growth, and progress only happen when you confirm your identity . You need to ask more than ten people around you to understand who you are. The most reliable method is to look in the mirror and wipe away the stains from your face. If you try to remove a stain by guessing, you might sometimes succeed by luck, but that’s just called ‘ hard work .’ - Joseph’s “just my thoughts”