"My adversary is the world of finance." ~ Francois Hollande
Nov 11, 2020
100 Stashed Ideas
Money is one of the tangible symbols of a nation's identity and history. Banknotes and coins evolve over time just as a nation evolves, and currency notes feature portraits of people who have made an impact on generations.
Each banknote has a story behind its creation and is a window to its past struggles and accomplishments.
The idea of property protection has been around since the early 500 BCE in Greece. Their chefs were granted year-long exclusive rights for creating specific cuisines.
Now, the goal of intellectual property protection has stayed the same, which is to prevent the unlawful copying of ideas and encourage creation of new products which will benefit the public and strive for more free-market competition.
Many people get identified with their work to such an extent that retirement feels like a big question mark on what will happen to them once they are ‘released’ from what they did their whole life.
One has to see if working beyond the retirement age is an option, as many do keep working well into their 70s, comforted by the psychological security, social acceptance and financial independence that work provides.
The idea of people as consumers took shape before WWI, but it became more common in America in the 1920s.
People have always consumed the basics of life - food, clothing, shelter. They had to work to get them, but there was little economic motive for increased consumption among the masses. Attempts to promote new fashions and boost sales slowly increased as the pursuit of wealth extended beyond the very rich.
Hertz was the first national car rental company, followed by Avis.
In 1956, Hertz launched a slogan, "More people by far... use Hertz Rent-A-Car." Avis followed with its "We Try Harder" campaign in 1960, which evoked a response from Hertz, "For years Avis has been telling you Hertz is No. 1. Now we're going to tell you why."
Marginal benefit and marginal cost are two measures of how the cost or value of a product changes.
The foundation for every personal pursuit in life is to invest in yourself. It can take years. How you can do it:
A good supply of ideas is the first pillar of wealth building.