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Showing posts with the label supply demand

Just my thoughts #0722

If God granted me only one ability to become wealthy, I would not hesitate to ask for the skill of ‘storytelling.’ ‘Storytelling’ is the ability to choose how to interpret the same phenomenon or fact and how to communicate the message I want to convey persuasively. Ultimately, the world takes sides and gains support through the interpretation and explanation of stories. Gaining attention and support from people is the foundation for achieving a lot from nothing. In a time when there was no modern media, the most popular people were grandmothers and grandfathers who could tell entertaining oral stories every night before bed. - Joseph’s “just my thoughts”

Just my thoughts #0375

The mass production of artworks is less valuable. Imagine if Van Gogh’s famous works were produced in the same way, with hundreds of thousands of copies distributed worldwide—how much would they be worth? However, if there are too many copies of the original artwork and a growing curiosity about the original, the value of the original increases because of the many copies. In other words, the replicas at this time serve as media rather than as true works of art. Supply and demand also significantly influence value formation, but in the meantime, media actually plays a vital role in establishing value. What is the media that shapes my values now? - Joseph’s “just my thoughts”