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...
We cannot drink water while being immersed in it for survival. Without assistance from the air, it is impossible to drink water. Water is a vital substance for humans, but its intake is only possible when air acts as a medium. What I possess and how I utilize it are very different matters. The same goes for relationships. What brings happiness in a relationship is more important than how close the relationship is. For humans, many situations are pointless if values exist in only one state. - Joseph’s “just my thoughts”