Storytelling: Life revolves around storytelling. Both business and investment depend on it. Every story has a context that should be clear through common sense and logic. Stock prices mirror the story behind trading volume. If you learn to understand these stories, it gives you a benefit in stock trading. The restaurant industry is about storytelling related to service, while sales on Internet shopping sites tell a story about product distribution. Good storytelling can grab people’s attention, entice them, and evoke their emotions. Novels and dramas offer many valuable lessons on how to build wealth, as storytelling is a powerful way to connect with the world. Humans learn and understand through storytelling. - Joseph’s “just my thoughts”
Advertising is a unique service business. When limited to the Internet, platform operators gather users and allow them to access the platform for free in exchange for viewing advertisements. In reality, users are not accessing the platform for free; instead, the advertiser pays for it. In other words, users do not fulfill any obligations regarding platform use, while the advertiser assumes those obligations and gains profit by notifying and exposing itself to the user. The platform operator fulfills its obligation by providing the advertising medium to the advertiser, but does not guarantee the advertisement’s success and is not accountable for the outcomes of the business. Advertising represents one of the few unique transaction structures in the world that satisfies the utility of each party without necessarily attributing benefits to the counterparty meant to receive them. Such an unusual transaction structure has been rare throughout human history. Although the advertising in...