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Just my thoughts #0715

Maintaining even a small annual profit is advantageous in investing. Survival remains the most critical factor in business. People have sought the secret to Warren Buffett’s success, which is the power of compounding, but they overlook the real key: he has invested consistently for 75 years without pause. You can indeed succeed in your business endeavors through sheer survival; conversely, you cannot survive solely because of your success. Survival is only achievable if you have the strength to keep going, even with minimal returns. To do this, you must do what you love. Invest in stocks you like, and continue investing even if it is volatile. Next, you need to secure a “margin of safety.” Even a small margin ratio is crucial because a business can’t survive without margins. Frugal spending, flexible thinking, loose schedules—anything that helps during tough times—can all contribute to building a margin of safety. - Joseph’s “just my thoughts”
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Just my thoughts #0417

Organizations with perfect leaders clearly achieve results. People might assume that such leadership is excellent due to its accomplishments. However, a perfect leader makes decisions only within the limits of their knowledge and does not propose or challenge areas they do not comprehend. After all, a perfect leader shouldn’t fail. As a result, only yes-men surround the perfect leader, while those who disagree tend to leave the organization. What will remain for that leader in 10 or 20 years from such success?


- Joseph’s “just my thoughts”




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