Joseph's "Just My Thoughts"

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Just my thoughts #0586

If you’re running multiple businesses within a single business entity or a business that generates sales by connecting with different businesses, I recommend managing the accounting for each separately. For example, if a car rental company also engages in car leasing, try to maintain distinct accounts for the rental and leasing sectors. This approach increases the chances of uncovering hidden costs or mistakes in resource allocation. In business, specific attributes necessitate this separation, leading to independent costs and improved profit structures. Neglecting this reality can result in bankruptcy without fully understanding the reasons behind it. The foundation of success is to avoid failure. - Joseph’s “just my thoughts”

Just my thoughts #0585

Don’t let a salesperson collect sales money, as it can lead to corruption. While corruption involves the human mind, the structure is more important. If a salesperson is trying to increase their salary by improving their performance, they may resort to hiding unfavorable payment terms. However, a salesperson can hardly succeed if sales and money collection are separated. Do not leave fish to cats. - Joseph’s “just my thoughts”

Just my thoughts #0584

The price of a stock reflects the current valuation of a company based on its anticipated future performance. If the future looks uncertain, the current price is likely to fall; if it appears promising, it will rise. In other words, the company’s outlook on the future is mirrored in the current stock price. Investing in stocks essentially means buying and selling future values while trading at present prices. However, the reason I can’t buy the stock now is that I’m afraid its price will drop in the future. Conversely, if I cannot sell the stock when the price decreases, I struggle to do so because the loss caused by the expectation that the stock might increase, or by the missed timing for the sale, is too significant; this can overwhelm me with fear. Thus, stock prices are most readily influenced by the weight of ‘fear rather than desire.’ Even though the current stock price reflects future value, it often happens that this future value is not trusted. When we say that time is money,...

Just my thoughts #0583

Luxury goods are valuable not only because they are well-made but also because they are scarce. The proof lies in the abundance of counterfeit luxury goods. Controlling production and supply is one of the things luxury goods brands excel at. Initially, quality and reputation create luxury goods; however, the fact that the value of these goods does not diminish but continues to rise is due to the maintenance of scarcity. While customers determine the fate of the product, producers and suppliers also influence the fate of the customer. They achieve this through their offerings. - Joseph’s “just my thoughts”

Just my thoughts #0582

When a stock is bought, its fate is already decided. The next step is to wait and sell. In the meantime, there is nothing I can do. If I buy a stock and claim that I can do something with it, that means I’m committing a stock manipulation crime. Either wait patiently or don’t tolerate it; sell the stocks. That’s all we can do with stocks after purchasing them. Therefore, patience is as critical an asset as judgment. - Joseph’s “just my thoughts”

Just my thoughts #0581

The better you know your identity, the better you understand what to do and what not to do. It’s essential to excel in what you must do, but avoiding what you shouldn’t do is half the battle for success. If you can’t accomplish what you need to do, start by training yourself not to engage in what you shouldn’t. If you can’t make the distinction or find yourself confused, that indicates you don’t truly understand your identity. Solving all problems begins with understanding one’s identity, whether it’s personal or business-related. - Joseph’s “just my thoughts”

Just my thoughts #0580

In neuroscience, ‘memory’ and ‘forgetting’ are regarded as the same concept. ‘Remember’ presupposes ‘forgetting,’ and ‘remembering’ can lead to ‘forgetting.’ Memory is generally categorized into ‘semantic memory’ and ‘autobiographical memory.’ We do not know when or how we learned that Stockholm is the capital of Sweden. This is referred to as semantic memory, which does not involve an attempt to remember. In contrast, autobiographical memory involves an effort to recall a fact that has been personally experienced. Both types of memory entail forgetting. Semantic memory omits the process of acquiring knowledge, while autobiographical memory strives not to forget. Studying entails the process of retaining or forgetting these two types of memory. When the distinction between them is unclear, we mistakenly presume that others have taken our thoughts and experiences. - Joseph’s “just my thoughts”