Formal noun used to express one's own opinion, intention, or thought, often in business or official settings. Typically used with です or でございます.
I will state my opinion.
Please tell me your thoughts on the plan.
imprudence; indiscretion
Compound of 所 (place, that which) and 存 (think, know). The exact historical derivation is uncertain, but it has been used as a formal term for one's thoughts or intentions.