The physical value of a book is a measurable cost of paper, printing, and labor charges, but estimating the value of the book’s contents is difficult. Most intangible values are similarly challenging to assess. We purchase the intangible value of a book at its physical price. When revenues are generated, the added value produced can be realized. These revenues arise solely from sales, which are based on price, not value. In essence, there is always an imbalance between price and value, and this imbalance determines whether one is wealthy or poor. Management is the act that shifts this imbalance in my favor. - 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”