|12-21-2011, 12:35 AM||#1 (permalink)|
Join Date: Dec 2011
It's All About Profit and Efficiency
You ever get that sick feeling in your stomach when you read about MLM? What is the source of that feeling? For me it's the vagueness of it. It feels like a scam. The little guy has developed a program and wants you to be part of it. There's a desperation there. We all feel it.
It's not that we are rooting against that person to make it. We want that person to do well. We just don't want them to do well from us. The reason we don't want them to do well from us is that if we allow these types of things to succeed we are invalidating the market. In a way we are invalidating reality.
If you notice in the title I didn't put the word value. The reason I didn't put that word is that it's already being overused as a catch phrase by people that aren't involved in things that provide it. That might sound trollish but it really isn't. Value is profit that is deserved.
In order to make a profit that is deserved you have to provide something at a cost that is better than what someone else can provide it at or has provided it at.
So you need to either be really efficient or exceptional or both. That's a pretty tall order. If you can find a way to be exceptional at being efficient you end up being Warren Buffet or Henry Ford. That's the least traveled path because it requires a tremendous amount of vision.
For example, Micheal Jackson was an enormously successful musician that also happened to be really careless with his money. He had incredible vision that made him extraordinary amounts of money. At the same time was extremely inefficient outside of that.
My overall point is that your financial success might not be in something that you want it to be in. You can become wealthy in a million different ways. You could get rich delivering newspapers if you're dedicated enough. Or collecting cans and bottles. Importing pens from china. The decision is to either be exceptional or find an exceptional value that you can pass on. That exceptional value doesn't always mean talent. It could just be a willingness to take a very small success and replicate it.(look I found a can on the road, how can I find 1,000,000?).
So just try to remember that when things go too far into the abstract. Jay-Z has a song called "The Streets is Watching". In economics the song would be called The Markets is Watching. If you get an edge and make huge profits don't be dumb with your money if for some reason you lose that edge. The market is always changing. Your money always demands a purpose and it never sleeps.
Last edited by Books; 12-21-2011 at 12:57 AM.
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