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”
Corn is a mysterious plant. It is the most viable crop on Earth, but it can only survive with human touch. Corn kernels look like plants born from the premise of human care, as the thick shells wrapping around the corn kernels can rot them if human hands do not peel the shells off. The more corn ripens, the more sugar converts to starch. Therefore, it’s delicious if you harvest it quickly and eat it immediately. - Joseph’s “just my thoughts”