Price: Everything that matters in economics.

In Economics,

When you pass a certain price, there will be no buyer or taker for your goods.

What is this price?

This price is the Golden Price or Ceiling Price in Economics.

So, how do we determine this Golden Price?

By the following factors:

1) Baseline

2) Seasonal Adjustment - usually divided into quarters or more accurately seasons - winter, spring, summer or autumn.

3) Local trend - local scenarios that are affecting the price.

4) International trend - International scenarios that are affecting the price.

5) Random events - Things that are outside our control like a natural disaster, harvest or political changes.

6) Uncertainty - everyone hates uncertainty and need to be paid a price for that uncertainty "seller willing to accept WTA and buyer willing to pay WTP for the uncertainty"

There, will be a discount before the uncertain event like election, WTP and there will be a premium after the uncertain event is over like election, WTA.



So,

We have the Golden Price Equation.

Golden Price (GP) = Baseline (B) + Seasonal (S) + Local (A1) + International (A2) + Random (R) + Uncertainty (U)



May your day be blessed.



"In God we trust"



Yours truly,

Dr. Lion.

How the rich protect their assets.

The last piece of jig-saw in becoming rich forever is to protect your asset.


How do you protect your asset?

By risk management of course.


What type of manager you want?

1. A high risk, high gain manager (aka rabbit)

or

2. Low risk with sustainable earning (aka tortoise).


Rabbit is great.

"But, I wanna ask you?"

"Have any of you see a tortoise walk backward"


So, now the question is "How do you manage risk?"


By the acronym "I AM"


Risk Management encompasses

1) Risk Identification - identified what is the risk that potentially causes the company or business or organization to suffer a severe setback.

2) Risk Assessment - Stratified the severity of the risk. Whereby risk assessment is the vector product of the probability of the risk and the severity of the risk.

3) Risk Management - Quantified the risk based on transferring the risk asset to the third party.
Risk management encompass elimination, substitution, harm reduction, administrative control, management control and personal protective equipment.


Hope these methods of protecting your asset help.


"In God we trust"

God bless you,


Yours truly,

Dr Lion.

Vibrant and Evergreen Organization

We can make an organization vibrant and evergreen when every stakeholder in the organization are motivated towards the organizations' objectives.

So, the question here: What is the stakeholder in the organization and how do we motivate them?



Say, I run a trading company.



The stakeholder in the trading company would be customer, worker, supplier, shareholder, creditor, government and the society around us.



So, how do I motivate them?




Give them what they want and not give them what I think they want. You don't give a carrot to a mouse and cheese to a rabbit, right?




So, back to my trading company.

1) Customer will need the best service or what we say, customer always right.

2) A worker will need their welfare well taken care of.

3) The supplier will need prompt payment of credit.

4) A shareholder will need sustainable profit.

5) A banker will need prompt payment of the loan as stipulated in the agreement.

6) The government will need adherence to rules and regulations and prompt payment of tax.

7) While society will need corporate social responsibilities (CSR).


Teamwork is the basis of the success of an organization whether it is a family, society, country or civilization  as stated by Confucious, "It is more difficult to break a pack of sticks, than to break a single stick."


"In God we trust"


"May your day be bless"


Yours truly,


Dr Lion.

Wisdom of the Ages

Wisdom of the Ages

1. Whatever you do for others, if you do more than what you are paid for you will always be successful, whether you are a teacher, singer, author, salesman or even a businessman.

2. If you want others to trust you and believe in you and your product - you must always be truthful as I always believe the concept of "know the truth and the truth shall set u free."

3. In whatever investment, if you get a dollar for the paltry sum of a penny, you will never lose....you just have to wait till people realized the value of what you have - it can be a recipe, a rare coin, a land, a diamond, an antique or even an idea.

4. Whenever a rich and genius meet they will exchange their mind and their goods.

5. Life is short, so put serving others first. Live for others.

6. It is not the last strike that gives results, its the cumulative failure that makes a person the mastercraftsmen - the big shot is the small shot that keeps on shooting. This is because when you are down and under, the next trajectory catapult will bring you up up and away like the spring after winter for the vineyard....always remember adversary sharpen us for greater things.

"SO, SETBACK, BOUNCEBACK. "

"It takes the cumulative 1000th hit of the hammer to break a great rock, not a single blow."

God bless u.

"In God we trust"


Yours sincerely,

Dr. Lion.

Man of God

Glory to God,

A man of God,
Might look awkward,
Might look deserted,
Might look evil,

But,

A man of God,
Only doing God's bidding,
For God his master,
Total servitude to God.

"In God we trust"

Love you forever God,
With all my heart,
With all my soul,
With all my spirit.

Your eternal servant,

Dr. Lion.

Bedrock Principle

A man with principle will live a more blessed life than someone who drifts.

It would be better if someone who lives with a bedrock principle.

What is the bedrock principle?

Bedrock principle is a principle that is based on the "common good"

We can have 2 views of life:

1. Scarcity mentality

2. Abundant mentality.

In scarcity mentality, we always think that, when someone makes, someone will lose. Scarcity mentality is a robber mentality, whereby, we need to rob from Peter to pay Paul.

In abundant mentality, we always think that we will synergize and make more together or what we say a win-win solution. The abundant mentality is a teamwork mentality, whereby, we created history by getting two heads better than one.

Let me illustrate a point, Google search engine is so successful today compare to Yahoo is because Google harnesses this bedrock principle. Google started from a humble beginning whereby Google combine the computing ability of 1000 computer into a supercomputer, whereby, making Yahoo, with a supercomputer interface at that time lose out and derailed to the second time forever.

At the current time, Alphabet the parent company is going to cross the mark as the biggest company in the world.

Those, who harness the principle of abundant mentality knows that this is the principle utilized by David to defeat Goliath.

David's principle is based on the bedrock principle of the common good which would eventually win over Goliath principle of self-gratification.

Let me be more philosophical.

A genuine interest in common good will make you very rich.

You might doubt the congruency between good and rich.

Let, I explain further.

If u want to be rich in this world, the basic principle is to help solve people's problem.

You will ask me how can helping people solve their problem make me rich?

Just take a minute to ponder, why do others pay us? Definitely, to solve their problem.

So, the bigger problem you solve, the richer you become.

Isn't this the bedrock principle of abundant mentality, whereby, everyone wins.

A bedrock principle of helping others solve their problems is as strong as the Rock of Gibraltar.

If you synergize your principle, not to the human law but God's law or what we say the common good or humanitarian principle. We will be even better as that means we get the blessing of heaven.

A great civilization is born when its people fear God and avoid sin. This is mankind bedrock principle.

Glory to God.

In God we trust.

"Father, may your will be done"

Your eternal servant,

Dr. Lion.