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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 #0353

Don’t try to win by crashing into someone charging at you; you’ll only hurt each other and win half the battle or less. Instead, if you sidestep and gently trip your opponent’s legs by hitching your foot, their own momentum will spell doom for them. Fighting isn’t about strength; rather, strength pertains to direction, not intensity. Righteousness comes from the art of effort, the wisdom of reading directions, and grasping situations.


- Joseph’s “just my thoughts”




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