Maintaining even a small annual profit is advantageous in investing. Survival remains the most critical factor in business. People have sought the secret to Warren Buffett’s success, which is the power of compounding, but they overlook the real key: he has invested consistently for 75 years without pause. You can indeed succeed in your business endeavors through sheer survival; conversely, you cannot survive solely because of your success. Survival is only achievable if you have the strength to keep going, even with minimal returns. To do this, you must do what you love. Invest in stocks you like, and continue investing even if it is volatile. Next, you need to secure a “margin of safety.” Even a small margin ratio is crucial because a business can’t survive without margins. Frugal spending, flexible thinking, loose schedules—anything that helps during tough times—can all contribute to building a margin of safety. - Joseph’s “just my thoughts”
In law, a “fact” is not referred to simply as a “fact,” but rather as a “ contextual fact.” The legal system addresses the relationships between people, positing that all facts are generated and understood within these relationships. Even the question of existence—whether to be or not to be—is grasped through the lens of relationships. There is no fact without a relationship, and the fact itself is neither true nor false; instead, the relationship determines its truthfulness or falsity. In other words, if you view truth and falsehood as absolute, you will navigate the world with a rigid mindset. Conversely, if you accept them as relative and contextual, you will perceive them with a broader sense of liberty. Ultimately, which perspective leads to greater happiness is a matter of individual disposition and taste. - Joseph’s “just my thoughts”