Nay Zin Latt - Understanding Trust and Practical Workplace Interviews

Without capital, nothing can be done, especially in the era of market economy, we talk a lot about capital. Everyone has capital. However, not everyone sees or uses the capital they own. They don't know how to use it, and some don't even know they have it. I have been very careful about many people.

A lot of capital

There is no one without capital, everyone has different amounts of capital. We just need to see it and use it. What capital do those who become great use? What capital do ordinary people use? Most people generally know that “money” is the capital, and without money, they can’t do anything. Later, education has revealed capital.

- Capital

- Knowledge capital

- Experience capital

- Vision and knowledge capital

- Labor capital

- Hard work capital

- Social capital

- Political capital

- Market capitalization

It's a lot of capital.

Bill Gates

The former richest man in the world, now (2008) the second richest man in the world, has a net worth of $68 billion. How much capital did he start with to become so rich? He started with just a few thousand dollars (a few hundred thousand kyats). His main capital is not “money”. His knowledge, vision, and hard work are the main capitals that have helped him become such a wealthy man.

Bill Gates is known for his vision. He learned a lot about computers as a sophomore in college and saw the future as one in which everyone would have a computer on their desk.

Together with his computer scientist friend, the two young men invented the computer with a few thousand dollars they had scraped together. He acquired this wealth by successfully expanding his business, conquering the market, and selling shares.

Break out of conventional wisdom.

In the traditional view, there are many manual workers and traders, so in general, when it comes to capital, people tend to see only money as capital. The fact that world-famous movie stars and actors from Myanmar have succeeded with their artistic capital is a clear sign. If you want to be more successful, if you want to be richer, you need to break out of the conventional view. You need to have a different perspective than others. You need to be able to analyze the situation. They say Vertical Thinking, Analytical Thinking.

IT has been booming for more than two decades. IT is highly competitive. Only those with large technological capital and the ability to withstand the pressure are left behind, while those who are not technologically advanced are being left behind. Watching this fierce competition from afar, a young Indian woman-led Bio Engineering-based company has worked hard to become one of the most successful and attractive companies in India. She has also become one of the richest women in India in terms of financial profits.

Don't invest too much.

In businesses that are trying to grow, even in times of crisis, if possible, it is necessary to not invest too much. Not to pay too much. To be successful with little capital, it is based on knowledge and understanding. Usually, success is generally measured by money and lack of talent. It refers to worldly matters. Politicians, social scientists, and artists want to measure their achievements by “Achievement.”

In general, success tends to "start" with money and end with "action." In Western countries, where people have the opportunity, the wealthy are increasingly involved in politics and social work to achieve this goal.

If you want to achieve success with “money” alone, you will have to invest a lot of money. If you add knowledge, skills, and effort, the “money” capital and the “time” capital can be reduced. In the “karma”, “wisdom”, and “viriya” that the Buddha preached, it is important to remember that “wisdom” comes before “viriya” in priority. If “wisdom” is truly developed, you will also gain the special knowledge that “karma” reborn in.

How much should I deposit?

In pure money, it can be calculated closely, but in matters that require knowledge and skills, it depends on the period, time, and circumstances. It may differ from one to another, from time to time. Even in pure money, the profits of those who trade (trade) in the present era are not the same as those who play the share market and those who interact with hedge funds. If you play shares based on knowledge and skills, you will get more profits than ordinary traders. Hedge funds tend to get more.

King Bayintnaung's struggle to establish the Second Myanmar Kingdom may seem like a "debunking" at first glance, but if you think about it and analyze it, you can see a deeper meaning.

Bayintnaung used to fight with three times the number of attackers and three times the number of defenders. However, Bayintnaung defeated an enemy who was eight times stronger than him. Therefore, he used only (8 x 3) twenty-four times less force. It can be concluded that he used only (24) times less capital than normal. It is not a waste to be able to win a victory with a capital that is one hundred times less than normal.

- Trust, respect and love for the leader

- Military skills

- Patriotism

- Willingness to win

- It is due to the contributions of the leader's skills and strategic correctness. The contributions of skills, knowledge, and spirit can be clearly seen.

Therefore, capital also depends on time, circumstances, and other factors.

Why are they so capitalistic?

Logically, if you have high intelligence, you can conclude that you have low intelligence, so you have high capital. I remember that until the 1970s, China relied heavily on "human waves" to develop its strategy. In wars and in matters of political advantage, it used technology to reduce capital.

They have been focusing on technology. The atomic bomb dropped on Hiroshima in World War II has proven this. China has changed its stance on the "people wave" in the 1990s and is no longer heard of. It has also become more focused on technology. Because it has good leaders who have decisive policies.

Many African countries produce oil. The country is still poor and there is still a lot of unrest. Despite having a lot of capital, it has not been able to achieve good results. Why? It can be concluded that the leaders are not yet qualified. Singapore, a country based on knowledge and skills, is developing. It is a country that does not produce any natural resources. Lee Kuan Yew's vision and ability to foresee the situation of the (21st) century since independence (1965) led him to shape his country to the current situation. The skills, knowledge and skills of a leader are very important in building a country. The poverty, wealth, standard of living and dignity of a country depend entirely on the skills of the leader who leads that country.

Although little known, Brazil today is a country with very promising economic indicators. It is no longer the Brazil that once thrived under the leadership of one man, but the Brazil of today that has thrived under a change of leadership.

In the era of knowledge and skill-based development, modern leaders no longer want to spend a lot of money on anything. However, due to different knowledge and different qualities, some countries and some people still spend a lot of money.

It is no longer the age of horses, nor the age of boats, in an age of limited knowledge and farsightedness, swords, spears, bows, arrows, and conventional ideas are no more useful than toys, something that once existed. There was once a proverb that our ancestors had heard for generations.

"One day, one way to Bagan"

I accept it as a motivation to work hard. In today's era, if you go at a daily rate, Bagan will not run away. It is not the time when I will arrive. Everyone can work with little capital and be successful.