No matter how smart you are, if you don’t exchange values, you’ll starve to death. For one thing, being self-sufficient enables survival, but self-sufficiency is only possible if you have your own assets and can borrow from others. However, even with existing assets, one can only survive through minimal labor and effort, which means engaging in productive activities. Thus, having great intelligence and applying that intelligence to productive activities are two different things. Even if you aren’t brilliant, you can survive if you are productive. It’s essential to identify the productive activities in which I excel and those where I need improvement. If I understand that, I must act without looking back. - Joseph’s “just my thoughts”
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”