Warren Buffett, who has amassed 99% of his wealth since the age of 50, revealed that the secret lies in “compound.” When you lend money, interest is added to the principal as income. Initially, interest is applied only to the principal, but compound interest is applied to both the principal and the accumulated interest. Therefore, at first, it seems negligible, but over time, significant wealth growth takes place. The same principle applies to reading: even if your reading speed is slow, consistently reading just a few books each day can lead to a wealth of knowledge. After a year, this accumulated knowledge creates a network effect, allowing you to quickly absorb new information. Consequently, your reading speed increases dramatically, leading to an exponential growth in the volume of material you can handle. This exemplifies the compound interest effect. Even small, consistent actions taken daily can build up and create a compound interest effect over time. Cartoonist Lee Hyun-se sta...
The Roman alphabet constructs words in a single direction by using ordered combinations of 26 distinct letters. DNA also reveals life by altering the sequence of the four bases in one direction: A, G, T, and C. The West has developed novel concepts by combining basic units, while the East has refined them based on relative relationships. For instance, in Asian scripts, Chinese characters can convey different meanings by altering the length or position of a single stroke within a character. These two approaches account for most methods of creating something new. - Joseph’s “just my thoughts”