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Just my thoughts #0666

When investing in a market where asset trading is ongoing, persistent, and prices are constantly fluctuating, the most important factor is the perception and attitude toward “time.” Here, time refers to a defined “period,” a concept that encompasses the “past,” “present,” and “future.” Knowing the future can make us wealthy. All we know is the “past,” but in reality, even the past is often not fully understood. That is, we must admit we lack complete knowledge about the past, present, or future. In this state, we must conduct business and invest. The attitude toward business and investing is to focus on judging the “trend” by applying the concepts of differential and integral calculus simultaneously. Differential weather (e.g., morning and afternoon of a day) is easy to predict, but long-term future weather cannot be forecasted even by supercomputers. However, by accumulating knowledge of the past and analyzing it integrally, it is possible to predict the trend of the distant future to...

Just my thoughts #0622

Reading many books is important, but how you interpret what you read matters more. The ability to interpret affects how knowledge is applied in real life, making a big difference. Experiences and circumstances heavily influence interpretation, but imagination is fundamentally crucial. Even if you see the same thing in an imagined experience , the interpretations can vary greatly, and what drives action in reality also differs. The skill to connect what we know with new ideas is called creativity , but the way we make these connections comes from imagined experiences. Imagine in your own way! - Joseph’s “just my thoughts”

Just my thoughts #0396

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...

Just my thoughts #0308

When an officer informed Prussian Friedrich the Great that there were discrepancies between the book and the actual battle, Friedrich famously replied, “We have a mule that has fought 60 times in our army, yet it remains just a mule.” In response to an officer’s query about becoming a great strategist, Napoleon stated that his only way was to study the history of warfare. Lincoln admitted that everything he sought to understand was contained in a book, and Edison read through the entire collection from the Detroit Library. When asked about the key to his success, Warren Buffett declared that it was consistent reading. Don’t be misled into thinking that experiences outweigh the value of reading. - Joseph’s “just my thoughts”