This Is the Story of a Rich Japanese Investor
There was a wealthy man who had over 200 girlfriends, each giving birth to his child. Surprisingly, over a hundred of t…
He who fulfills others' needs creates wealth.
Buy ten boxes of apples, sell ten boxes—unsold boxes are still a cost. Buy ten cases of soda, half-week sell-through versus half-year sell-through, is that the same thing?
Cost isn't just rent, utilities, and purchase price. Those fixed expenses aren't the real cost. The true cost is transaction cost—sales loss and sales turnover rate (velocity).