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...
No matter how much honey you have, honey alone cannot attract bees and butterflies. The scent may be invisible, but it exists, and it brings life. As a result, both plants and insects thrive. No matter how hard you try to conceal it, the scent is what you exude. The scent is also significant to humanity. All scents are difficult to hide. The scent is created simply by being present. - Joseph’s “just my thoughts”