As Voltaire said, “History never repeats itself; man always does.” Many interpret this saying differently, but the core message that human behavior is hard to change is clear. Since humans cannot predict the future, they can only forecast it based on past experiences. That’s the best way to anticipate what’s ahead. The current economic and financial landscape is driven by irrational human behavior that remains constant. It is not based on <hard skills> like investment techniques or mathematical formulas but on <soft skills> such as emotions, psychological reactions, and attitudes. Understanding humans helps us understand the world. Therefore, history and the humanities play a significant role in wealth building. However, it takes just a few soft skills to accumulate wealth, and ultimately, human actions shape a person’s destiny. In wealth building, soft skills and behavior matter more than grand theories or knowledge. - Joseph’s “just my thoughts”
Negativity Bias : the tendency to focus more on bad things than good ones, influenced by its survival benefits . Our language contains about 30% words expressing positive emotions, 50% expressing negative emotions, and the rest neutral. It’s probably normal to say negative things. However, even in this environment, a small number of successful people use “ positive language ” that they are less likely to speak. Habits are important. - Joseph’s “just my thoughts”