Talented individuals are more likely to earn significant money in a short period than to generate regular, routine income. However, if they can’t establish a steady income from the substantial earnings they’ve made at once, they risk facing financial difficulties. This is why individuals who earn a large sum quickly need investment knowledge and experience. Understanding how to manage risks rather than just focusing on profit is the most crucial aspect of investing. The best way to mitigate or control risk is to anticipate the future; a steady income facilitates predictions, making risk management easier than in other scenarios. Therefore, a business should prioritize generating a stable income. - Joseph’s “just my thoughts”
Knowing the effect means genuinely understanding it. You don’t honestly know just because you comprehend the definition and meaning. We only know when we recognize the effect it has in a specific context, how it influences that context, and what impact it creates, including any aftereffects. Therefore, there are things I am unaware of, so I cannot claim to know everything. Let’s not confuse partial knowledge with complete understanding . - Joseph’s “just my thoughts”