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...
The conversation itself is value-neutral. Good and bad conversations are determined by circumstances and methods. Claiming that having many conversations is inherently good is misleading, as not all conversations are beneficial. Sometimes, silence can convey more than words. Dialogue exchanges information, communicates emotions, and conveys intentions and stances. However, a fruitful conversation can occur only when there is an implicitly respected distance between conversation partners, allowing both to express their intentions and thoughts appropriately within that distance. The reaction to these revealed intentions and thoughts ultimately decides whether to continue the conversation, shift to another topic, or maintain a stagnant relationship. - Joseph’s “just my thoughts”