When you solve problems at the result level, you only provide temporary solutions. To achieve lasting progress, you must address them at the system level. Fix the input, and the output will self-correct.
Power Law 1: Never Eclipse Your Superior’s Brilliance While trying to please them or leave a deep impression, do not overtly display your talents, lest it backfire—triggering their fear and anxiety. Power Law 2: Never Trust Friends Too Easily; Learn to Utilize Your Enemies If you hire a former enemy, they will be more loyal than a friend because they will be more eager to prove themselves to you. Beware your friends! They betray you faster because they are more prone to developing jealousy. They will also be spoiled and become tyrannical. Power Law 3: Conceal Your Intentions ...
The largest financial institutions are set up to make a profit for themselves, not their clients. What do I really want? (Vision.) 2. What is important about it? (Values.) 3. How will I get it? (Methods.) 4. What is preventing me from having it? (Obstacles.) 5. How will I know I am successful? (Measurements.) Money is certainly one of the ways we can turn the dreams we have into the reality we live. ...
Well, the main ways individuals obtain true profit (rather than labor compensation) include: Entrepreneurial Startup - Establishing a company independently or with partners, bringing goods or services to the market, and obtaining a share of the corporate profit. Investment Startup - Sharing the growth returns of a startup through angel investing or venture capital. Securities Investment - Purchasing securities assets in the stock market and sharing the operating profit of listed companies. Ownership of Means of Production - Purchasing means of production such as equipment or real estate, and profiting from renting them out. Utilization of Intellectual Property - Collecting usage fees by obtaining patents or copyrights. Operating Commercial Activities - Obtaining intermediary profit through wholesale, retail, etc. Providing Commercial Services - Such as financial intermediaries or real estate agents. Building Investment Platforms - Such as obtaining the spread from P2P lending platforms. ...
In a competitive market, when the wage level of a certain profession or industry is higher than the value deserved by the labor output or skills required for that job, it attracts more people to study that profession and enter that market. As supply increases, the number of workers in the market grows, which subsequently causes the wage level to decrease, eventually approaching the value deserved by the labor output. ...
When discussing economics, Producer Surplus is an important concept. It refers to the difference between the actual income received by a producer or supplier when selling goods in the market at a certain price, and the minimum income they expected when willing to sell those goods at that price. Simply put, Producer Surplus is the net gain for the producer in a transaction. Its calculation involves two key factors: Producer’s Supply Price: This refers to the price at which the producer is willing to sell the goods or services. Typically, the producer’s supply price is related to their marginal cost (the extra cost of producing one unit of goods), because they hope to at least cover the production cost. ...
The company wants you to be a replaceable cog. You want yourself to be irreplaceable, perhaps even possessing the ability to generate profit independently, becoming a company unto yourself. Therefore, the interests and goals of both parties are only aligned during certain stages; after that stage, you should part ways.
The outcome of merely “studying” without “applying” (which is the reality for most Chinese students) is that after more than a decade, they are still studying and still lack practical use (which is the reality for most Chinese students). The reason for “studying a lifetime” yet insisting on “never using it a lifetime” is the fear of making mistakes. When children make mistakes, they often face punishment. After adulthood, even without punishment from others, making mistakes can lead to self-inferiority and embarrassment. Therefore, many people avoid errors “at all costs.” However, you must know that the process of acquiring knowledge cannot be separated from trial and error. Without trial and error, comprehensive and genuine progress is impossible. So, you must know that making mistakes is normal, even indispensable. When doing things, making mistakes is inevitable. If you are doing something and there are absolutely no mistakes, then you are not doing something—you are dreaming. ...
Pursue wealth, not money or status. Wealth refers to assets that continue to earn money for you while you sleep. Money is the way we convert time into wealth. Status is the position you hold in the social hierarchy. Note - Location 321 Social status is a zero-sum game. Relying on renting out time is impossible to get rich. You must own equity (a part of the company) to achieve financial freedom. ...
When dealing with risk management, there are many useful tools and methods that can help you reduce financial risks and better manage your assets. Here are some risk management tools and methods worth considering: Insurance: Purchasing appropriate insurance is the most basic and important risk management tool. Health insurance, car insurance, property insurance, life insurance, etc., can provide you with economic support and protection when accidents or disasters occur. Diversified Portfolio: When investing, diversifying funds across different asset classes, such as stocks, bonds, real estate, and cash, helps spread risk. Such a diversified portfolio can reduce losses when specific assets perform poorly. ...
1 Almost everyone has the qualifications and ability for dollar-cost averaging. Highlight(yellow) - Location 135 The dollar-cost averaging strategy includes the following key points: What exactly is the asset? How long is the long term? How long is the regular interval? What is the minimum amount invested each time? 2 The securities trading market is the ninth great wonder of the world. Highlight(yellow) - Location 197 People always think that “choosing stocks” is a very difficult thing—but actually, it’s not difficult at all! Because that so-called “difficulty” is entirely caused by habitual thinking. In reality, it is merely the result of people being unwilling or afraid to use the simplest, most direct, and most effective method. This method is so simple, so unbelievably simple: simply choose the stocks that everyone in the market favors the most. ...
00.20160729 Three Iron Laws of Time Selling ★ Highlight(blue) - Location 163 The Three Iron Laws of Time Selling: Growth is the fundamental key, prioritize value over valuation, and patience is more important than anything else. Highlight(blue) - Location 167 What is called personal financial freedom means that a person no longer needs to sell their time just to meet basic living necessities. Highlight(orange) - Location 203 There is only one standard for selection: Can what I choose help me accumulate more ability? ...
Those who place great importance on the sense of ceremony are people who prioritize form over content—such individuals tend to be quite vain and concerned with what others think.
When a person is in an unhealthy state, it not only severely affects their life but also makes them fragile. Many difficulties are usually overcome by gritting one’s teeth and enduring them, but for those whose bodies are unhealthy, the mind is easily prone to collapse. When young, people often don’t take their bodies seriously; it is only when major issues arise that they deeply regret it. If your body has minor ailments, undergo regular physical examinations and proactively treat them. If you lose your health, living itself becomes a form of torture. Unhealthy, no matter how much you possess, it holds little meaning.
If a person lacks the appropriate genes and proper environmental education, then these individuals are forever unable to communicate through “reasoning.” Accepting this objective fact, one can only, much like zoologists studying animal habits, discern the behavioral characteristics of other humans, treating them as common animals, and using various means to control them to achieve one’s own goals.
No matter what you are thinking about, the most important thing is to first understand what kind of framework you need to establish. In fact, once you have the framework, all that’s left is to fill it in. Conversely, if you don’t have a framework and immediately start thinking about the details, you will inevitably face a pile of unorganized, messy information, wasting time for nothing.
usually are full of very similar competitors, fighting it out over price and marginal differences. This saturation makes it hard to enter a market, and even the businesses that are already in that market suffer.
You built a solution for customers who think they have that problem under control. You solved the wrong problem. You developed a solution that helps only at the margins. You solved the wrong problem. You built something, but your customers have bigger fish to fry. You solved the wrong problem.
You want to build a “need-to-have” instead of a “nice-to-have.” You want to develop a painkiller instead of a vitamin. You want to be their aspirin. How can this be done? By finding their most important problem: the one issue that is critical to their success.
The most crucial problem a customer faces is on their minds most often. It’s the most important because it’s coming up frequently and is never easy to solve. It has the most impact on their lives, but it’s not always the obvious choice. If you can help a customer with their most critical problem, they will benefit the most.