Moderation. Greed and despair stem from the same root: excessive desire. In investing, profits and losses are unpredictable, and the chance of losing is usually higher than the chance of gaining. It’s natural to want to make big profits with minimal damage, but the truth is that it’s not always possible. Ultimately, a disciplined person stays moderate through both profit and loss. It all requires courage. Temperance fosters consistent investment behavior. Without persistence, achieving great things in any area becomes difficult. It’s not easy, but in investing, only those who can stop and accept gains and losses as they happen are true winners. Greed is simply the seed of downfall. - Joseph’s “just my thoughts”
In the West, human thinking has primarily developed through formal logic . In formal logic, truth and falsehood cannot coexist. However, in Eastern thinking , it is seen as possible. Some Western dialectical ideas were already recognized in the East. Three main dialectical concepts are: first, reality is constantly changing, so what is true now can become false later (the principle of fluctuation ). Second, due to this ongoing change, contradictions always emerge, and these contradictions drive further change (the principle of contradiction ). Third, the whole is greater than the sum of its parts, and each part relates to the whole (the principle of relationality or holism ). This is reflected in yin and yang in Eastern philosophy and Taoism. Eastern thinking regards contradictions, confrontations, and change as natural phenomena. This mindset difference also influences management and investment . If the economy improves, Westerners tend to believe it will keep improving, while Asia...