Investing means investing time, not people or assets. The object you invest in doesn’t generate money; time does. Failing to understand the role and principles of time in business and investment is a waste of energy. Because time is invisible, we often overlook it or fail to recognize its impact and role. This world is driven by probability. When dealing with probability, the first thing to consider is the invisible nature of time. Ignoring this fact leads to waste and inefficiency without us even realizing the damage. - Joseph’s “just my thoughts”
As Ernst Gombrich stated, humans do not draw what they see, but rather what they know. They identify differences and interpret them as new based on the patterns embedded in their existing knowledge systems. Therefore, prior knowledge plays a crucial role in accepting new information. Humans do not truly feel or understand what they observe; instead, they feel and perceive only to the extent of their knowledge. - Joseph’s “just my thoughts”