Metropolis and Transportation: For mankind, a ‘city’ was a ‘place’ where people were born, grew up, and eventually died. It was initially difficult for humans to choose a ‘place’ to live. Humans had to follow the fate they were given. However, with the development of transportation and the widespread adoption of online networks, humans have been able to select their own places of residence. Throughout history, humans have only been able to voluntarily choose where they want to live for a short time. Achieving freedom of movement marks a fundamental change in the form and character of cities. The development of transportation has completely transformed our lives. The emergence and evolution of transportation means, such as electric vehicles and high-speed trains, indicate that we are in the middle of a revolution that humanity is experiencing for the first time. If you do not respond to these changes, you will face difficulties. - Joseph’s “just my thoughts”
At Berkshire Hathaway ’s 2013 shareholders’ meeting, Warren Buffett said, “I’ve owned 400 to 500 companies’ stocks in my lifetime, but only about 10 of them made the most money.” His lifelong friend and investment partner, Charlie Munger , added, “With the exception of some of Berkshire Hathaway’s best investment practices , long-term performance is near-average.” Many people know Warren Buffett’s return on investment better than his mistakes or failures. It’s because of those 10 companies that he succeeded in investing. If there is a positive, there must be a negative. It’s better to prepare a realistic alternative in case you fail than to try to avoid failing. Humans are probabilistic beings . - Joseph’s “just my thoughts”