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Just my thoughts #0680

The most important rule in investing is not to lose your initial capital. Making money comes later. If you lose 50% of your principal, the loss rate is 50%, but to recover that principal, you need a 100% return. This is because the baseline of your return—the principal—has already been halved. Many people tend to think that if they’ve lost 50%, they only need a 50% return to break even. However, this is a misunderstanding of the starting point. In investing, the baseline is always the original principal. The principal after a loss is no longer the same; it’s already in the past. - Joseph’s “just my thoughts”
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Just my thoughts #0343

Can I live by only meeting the people I need? Obviously, some people are essential to me, but not everyone I have a relationship with is there because I need them. So, shouldn’t we connect with people who are less needy? Is my criterion correct? The relationships I have now are a result of meeting both needed and unnecessary people. Regret doesn’t justify my current relationships. We have all encountered precious individuals. The plausible excuse is merely a convenient way to package my priorities and outcomes. Don’t deceive yourself.


- Joseph’s “just my thoughts”




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