Compound Interest : Interest added to the original principal and its accumulated interest. Even if an asset’s price is too high or too low, it eventually converges to the market average . In fact, even with significant price volatility , it is only a matter of time before it aligns with the market average. However, there are occasions where it surpasses this average, and that’s when compounding becomes influential. Market prices reflect the actions of participants and the economic environment affecting their prices. Although sometimes distorted, they eventually revert to prices implicitly agreed upon by participants. But compound interest is a system specifically designed to outperform this market average. Interest can be monetary, but it can also be other economic effects or energy . By understanding and harnessing the power of compound interest , we can gain a significant advantage in our lives. - Joseph’s “just my thoughts”
Talent is rather not to be developed. It is revealed. Efforts are made to enhance this revealed state, which we call “ability.” When this ability is randomly known to the public by chance, it is said to be “good luck.” Talent is given, and luck is also provided. We believe that a worthy human being puts in the effort. However, success is not solely determined by effort.
- Joseph’s “just my thoughts”
Comments
Post a Comment