Storytelling: Life revolves around storytelling. Both business and investment depend on it. Every story has a context that should be clear through common sense and logic. Stock prices mirror the story behind trading volume. If you learn to understand these stories, it gives you a benefit in stock trading. The restaurant industry is about storytelling related to service, while sales on Internet shopping sites tell a story about product distribution. Good storytelling can grab people’s attention, entice them, and evoke their emotions. Novels and dramas offer many valuable lessons on how to build wealth, as storytelling is a powerful way to connect with the world. Humans learn and understand through storytelling. - Joseph’s “just my thoughts”
Entrepreneurship involves starting to invest in the stocks of my own company. However, unlike open-market stock investments , here you invest in your own business, not someone else’s. My company’s performance directly affects my shares. To excel at investing in your own company’s stock, focusing on one key area can significantly boost your chances of success. Conversely, to be good at investing in others’ stocks , it’s better to understand multiple business sectors rather than just one. Since investing in stocks focuses more on minimizing risk than maximizing returns , diversifying resources across several areas makes risk management more effortless. If you master risk aversion , you can reduce losses and increase your chances of surviving in a volatile market . If you are knowledgeable and well-informed, I recommend investing in others’ stocks rather than pursuing entrepreneurship. - Joseph’s “just my thoughts”