All investments should be evaluated based on opportunity cost versus time. Are you investing for the short term or the long term? And which option would be more efficient and profitable if you invested elsewhere instead of this? The idea behind recommending long-term stock investments is that high-quality securities tend to benefit from inflation. Inflation happens when the prices of goods increase faster than the value of money. Wouldn’t a producer only make a good if its price exceeds its monetary value? However, if this gap is too large, the consumer experiences volatility. That’s why the efficiency of using money declines because you need money to buy things. This principle explains why stock prices tend to rise over time if you hold high-quality stocks long enough. Therefore, investing is often referred to as investing in time—because over time, it adds value. - Joseph’s “just my thoughts”
Genghis Khan, emperor of the Mongol Empire, had a remarkable subordinate general named Yesun Bei. Although Yesun Bei was an extraordinary warrior, Genghis Khan refrained from giving him military authority to command. This decision stemmed from Yesun Bei’s belief that others were similar to him; he became frustrated when they couldn’t perform as well as he could. Without empathy, individuals cannot show respect, and without respect, people do not follow their superiors. - Joseph’s “just my thoughts”