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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 #0449

Both self-respect and self-esteem are emotions that enable individuals to assess themselves and acknowledge their intrinsic value. Is this a form of identity capitalism? Who evaluates it, and who determines the criteria for value? Isn’t existence or nonexistence itself meaningful and valuable? Isn’t my presence in this world already worth something?


- Joseph’s “just my thoughts”




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