Mirroring and Maturation: Mirroring is a psychological activity where you observe yourself as if seeing your reflection, allowing you to gain self-awareness separate from your current reality. By creating this mental ‘mirror,’ you can see yourself as others might, which is a form of self-objectification. Adequate mirroring facilitates more accurate reflection on and correction of mistakes, ultimately leading to improved actions and decisions. Over time, this process helps you become more mature. Practicing self-objectification can also make others feel comfortable with you and may increase their reliance on you. This process is also known as self-reflection. Everyone has a mental mirror, but many neglect to keep it clear through regular self-examination. - Joseph’s “just my thoughts”
James Simons founded Renaissance Technologies, the leading American hedge fund investor. He was, in fact, a mathematician. The Medallion Fund he ran had also seen a 200-fold increase in Berkshire Hathaway stock yield, matching Warren Buffett's performance. It was an incredible record, plain and simple. This conclusion was a subtraction of 5% of the management fee from the fund as a GP with 44% of the compensation fee. He invested in a cutting-edge "quant system" that trades stocks using sophisticated computer-aided algorithms. To eliminate emotional interference, the finance industry excluded employees. However, they recruited doctors like him from the science and technology fields. Even having extensive financial and investment knowledge, investment is the conclusion of action. Sound judgment beyond feelings is crucial for investment, but feelings are a variable. It's challenging to become wealthy if you don't control your emotions. In other words, emotions are a...