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Just my thoughts #0682

We don’t care about money deposited in the bank. If we ask the bank for money, I believe they will certainly return my funds. However, as shown by Lehman Brothers ’  bankruptcy during the 2008 financial crisis, banks cannot guarantee 100% of depositors’ money. In South Korea, according to the Depositor Protection Act, only 100 million won (about USD 71,000) is protected, including principal and interest per person. Anything beyond that is actually at risk. In other words, money deposited in the bank is vulnerable to losing the principal. Investing means willingly accepting the risk of losing the principal while seeking profit. Whether we like it or not, we are always investing in our daily lives. Just because a risk doesn’t materialize doesn’t mean it’s gone. - Joseph’s “just my thoughts”
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Just my thoughts #0497

Babies who are only six months old cannot walk. However, with a bit of training, this baby can swim in the water. Just because the baby can’t walk doesn’t mean the baby can’t swim. All humans are born in amniotic fluid in their mother’s womb when they are fetuses. It is normal for a 6-month-old baby to be unable to walk. Yet, the idea that the baby can’t even swim is a prejudice. Our stereotypes stem from taking things for granted. Imagination begins by doubting the obvious.


- Joseph’s “just my thoughts”




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