Category: Reading Notes

There's only one answer: when you break down the entire industry system, you find that some things are more cost-effective for you to do than for them to do.

For example, setting up a breakfast stall — hotels and restaurants doing it is not cost-effective compared to individual operators. Do you really think hotels and restaurants don't know how to fry dough sticks or grill skewers? They can, but due to various reasons, it's not worth their while to do so.

In this scenario, you'll find that despite learning a lot of financial knowledge and techniques, you still end up in the awkward position of making aggressive moves while price movements are dictated by whoever has the loudest voice.

Price doesn't always reflect value — most of the time, it's just the result of collective emotional博弈.

Without a ticket, you can't access certain experiences. With a ticket, there's no guarantee you'll actually enjoy yourself.

Of course, you could hire a companion for emotional value — but as you might guess, that professional smile hides insincerity.