For humans, humility begins with the understanding that we cannot know the future. If you encounter misfortune now yet believe that good fortune will arrive in a few days, you will not be disheartened during difficult times. Conversely, if you are fortunate now but are aware that misfortune will strike soon, you will not become arrogant. Thus, humility involves preparing for an uncertain future. Being humble doesn’t mean you avoid misfortunes altogether; nevertheless, your possibilities of navigating them successfully statistically improve. Knowing the future is not necessarily an advantage in our lives. - Joseph’s “just my thoughts”
Warren Buffett’s assets were once estimated at $82 billion. 90% of these assets have been earned by Warren Buffett since he turned 65. The way to make money over time without labor is through finance; it’s an interest. One of the most economically effective methods is ‘compounding.’ This involves deriving interest from the principal and then earning interest again on the total of the interest and principal, continually repeating this process, making compounding the most efficient money-making method discovered by humanity. The same applies to stock investments; to achieve this compounding effect, you need to earn at least a 4% annual return. However, this is only valid for long-term investments like those of Warren Buffett. - Joseph’s “just my thoughts”