The foundation of intelligence is memory. Without memory, intelligence cannot develop or function properly. Creativity also relies on memory as a necessary prerequisite. Forgetting is also a phenomenon caused by memory. If there were no memory, there could be no forgetting. Without forgetting, memory capacity becomes overloaded, leading to various issues. From a memory perspective, forgetting is something to be grateful for. Essentially, intelligence is driven more by memory than by logic. The strength of memory shapes priorities and influences value formation. However, humans have eventually delegated memory to external tools outside of our consciousness, not our brains. These are called records. Examples include books and cell phones. Your cell phone is an extension of you. - 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”