Joseph's "Just My Thoughts"

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”

Don’t build a house on a breathtaking mountain. Instead, constructing a home where we can admire the mountain is a submission to reason. If you possess it solely for its beauty and appeal, its value will diminish. People can distinguish between good and bad, but they lack the knowledge to create, maintain, and extend value. They aspire to have nice things yet avoid contemplating how to boost their worth. - Joseph’s “just my thoughts”

It is often said that blessings are not merely given or received, but discovered. If you fail to recognize the worth of what you already possess, you may overlook its significance, even if it is genuinely offered by someone. Value arises from comparison; yet a person’s sense of worth must originate from within. It is essential to cultivate self-esteem in order to appreciate and take pride in your own possessions, rather than measuring yourself against others. Only then can you establish the right values... - Joseph’s “just my thoughts”

One hundred seventy years ago, tuberculosis was a lethal disease. This illness posed a significant threat to humanity, resulting in an estimated 1 billion deaths between 1700 and 1900. Notably, traces of tuberculosis have been found in the mummies of ancient Egyptian kings. In the late 1840s, German botanist Hermann Brehmer, confronted with the fatality of tuberculosis, relocated to the Himalayas in search of fresh air. Remarkably, he survived and is believed to have successfully fought off Mycobacterium tuberculosis in that less favorable environment for bacterial growth. As a result, numerous nursing homes emerged across Europe and the United States, including specialized facilities for tuberculosis care and luxury accommodations for the affluent. However, by the 1940s, many of these nursing homes began closing due to the emergence of antibiotics, which drastically changed their economic viability. Throughout history, it seems that economic value often proves transient. - Joseph’s “j...

There are two types of businesses in this world when approached through the value of time and divided by the kinds of business: a business that requires discounting future value and a business that needs a surcharge. The bundle discount is a “future value discount business,” while the loan business is a “future value premium business.” Currently, it is unnecessary, but a bundle of sales is a business that offers customers incentives called “discounts” when they buy what they want in advance. The principal is not returned now in the loan business but must be returned in the future, providing the present incentive as a “delay repayment” in advance. Future discounts and surcharges can exist simultaneously in a business or a product; some enterprises will be ruined by mixing them if they change positions. - Joseph’s “just my thoughts”

Price and value are different things. Value is relative and subjective, but price makes those numbers tangible and helps us empathize with others. The result of that empathy is a deal, an exchange. Only when value is assetized does wealth arise. The way to assetize values is to price them. In other words, pricing is the process of valuing assets. Determining whether the value assigned to an asset is appropriate is called investment. From an investor’s point of view, investment begins by questioning the objective price of an asset. Consumption is the exchange of goods and services at a price agreed upon by all parties. Consumption and investment are two distinct concepts. - Joseph’s “just my thoughts”

All values are interconnected and relative. There is no such thing as an absolute value. For instance, is the value of the goose that lays golden eggs due to the goose itself, or because of the golden eggs it produces? Are the productive forces of life indeed more precious, or does gold hold greater value? If you find yourself on the brink of starvation without food, which is more valuable: the goose that lays the golden egg or the one that lays ordinary eggs? Value depends on context and circumstances, as it is inherently relative and changeable. In essence, all values fluctuate. - Joseph’s “just my thoughts”

Diamonds are useless but expensive. At best, the usefulness of diamonds is just a hardness. There are many beautiful colored gems other than diamonds in the world. Paradoxically, diamonds are worth more because they are useless. A way for the rich to show off their wealth is to show that even if it is futile, they can pay for what others cannot. It is not the only value that is useful in the world. Value purely comes from a human. Focus on how human needs arise. - Joseph’s “just my thoughts”

Economic activity must accompany a counterparty. Since people couldn't live alone anyway, they exchanged whatever goods met their needs, and as a result, an "economic system" was created. The standard of exchange is called "value" and the numerical representation of it is called "price. "Value" and "price" certainly do not necessarily match, and one of the main reasons is "competition. In the end, value is exchanged for price. Values are offered at the pricing initially presented by others or at a provider's insistence that wants to earn profit at first. If only the offered price is recognized by others, the recognized price is accepted as its determined value. The price of one's wage agreed upon with another is the real price of one. All other evaluations and recognitions except the above are only self-justifications and excuses. - Joseph’s “just my thoughts”

Certificates are often more valuable in proving "there is none" than in proving "there is one." For example, a birth certificate is more beneficial in proving the only person in the world by proving an unborn existence like him or her than in proving the person's existence. That is, proof of absence is more valuable than proof of existence. We don't know where value comes from. What is the real element of our existence and our occupation? - Joseph's "just my thoughts"