Money is an IOU backed by credit: worth something if payable, waste paper if not.
Money is essentially an IOU. The IOU is backed by credit—only when the borrower can repay it does it hold value; otherwise, it’s worthless.
The expected product’s key feature is that its price is determined by supply and demand rather than value.
Fewer people are willing to buy, and that naturally impacts your pricing.
Learn supply and demand, understand it, master it, and even build it—this is what market dynamics are all about.
A person who wants to achieve something must be able to overcome their instincts.
If you want to get things done, don't aim to be understood.
The more people who understand you, the closer you are to failure, and the closer you are to danger.
In the process of getting things done, you inevitably become less and less understood. Only when you're not understood can you actually pull it off.
Amateurs in the market are the ones constantly shouting, "Why doesn't anyone understand me?"
The key to winning lies in information asymmetry.
The greater the information gap you have compared to others, the lower the risk. Risk doesn’t need to be zero—just ensu…
The only way to exercise one’s rights is through participation.
The only way a person can exercise their power is by participating.
Wealth is acquired through the exercise of power.
Wisdom is gradually developed as a person exercises their power and acquires wealth.
In other words, if you do not participate, you will have no power, no wealth, and no wisdom.
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