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”
Ability and skill are distinct concepts. When we refer to a person’s unique power as an ability, the capacity to translate that power into real-world action is known as skill. Some individuals fail to succeed despite having remarkable abilities because they struggle to bring those abilities to fruition in reality. Essentially, ability denotes potential, while skill represents the achievement of that potential. The market serves as a tangible environment where many express their aspirations; thus, regardless of how exceptional their abilities may be, relying solely on skill is insufficient. This is why luck plays a crucial role in success. - Joseph’s “just my thoughts”