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”
The Awakening Formula: [Mine = all of my properties - borrowed - inherited - gifted - stolen - cheated out of]. If you exceed this “mine,” it’s time to wake up. All economic activities should commence with the amount you consider to be a genuine “mine.” It is essential to view it as a sin to enjoy anything “first” or “more” than that. Caring for what belongs to you is the initial step toward success and the foundation of life. - Joseph’s “just my thoughts”