Joseph's "Just My Thoughts"

The most important aspect of investing is managing risk. However, in most cases, risk management is interpreted and assessed in relation to past patterns. When asset prices fall, the perceived risk appears significant. That doesn’t imply there weren’t risks; investors simply didn’t recognize the risks that originally existed. The level of risk is almost identical whether the price of an asset goes up or down, but when prices decline, they tend to drop further because fear prevents us from purchasing more assets, leading us to retreat. It’s not that the risk has escalated. It is unwise to link risk with past patterns. There have been numerous exceptions in the world, and many beings on this planet have disappeared because they could not adapt. Did dinosaurs not become extinct on Earth ? Exceptions are exceptions because they are unpredictable. - Joseph’s “just my thoughts”

The more startups you have, the more you need to learn and practice. Many startups avoid learning because they are busy and have a lot of work. Knowledge determines structure, and managing is the process of building that structure. However, to create that structure, they do not make the effort to acquire knowledge. Just as you must eat bread one bite at a time, even when you have plenty, sincerity will gradually and steadily lead to knowledge and the establishment of structure. It is important to remember that the consequences can be severe if you neglect a bit of sincerity due to feeling overwhelmed by your environment and circumstances. - Joseph’s “just my thoughts”