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”
Eco-friendly products can sometimes be anti-ecological . Environment and ecology are distinct concepts, but both have a significant impact on human life. Many confuse the two, believing that if something is eco-friendly, it is beyond criticism. This creates the illusion that if a product is good for the environment, it will also be beneficial for the ecosystem . For instance, reducing disposable items can lead to increased detergent use , which may contribute to water pollution . The reality is that what is considered eco-friendly may not be suitable for ecology, and what is ecology-friendly may not necessarily be eco-friendly. - Joseph’s “just my thoughts”