When ‘temperance’ driven by reason becomes excessively strict, issues of ‘sadism’ or ‘masochism’ can emerge. Temperance isn’t necessarily a positive trait. ‘Pleasure’ often plays a central role in relationships involving giving or receiving abuse. Although feelings vary among individuals, there is a connection between causing pain and deriving pleasure that satisfies the craving for pain. Some people find more satisfaction in inflicting pain, while others find fulfillment in enduring suffering. Our tendencies toward pain influence how we express our personality outwardly and how we protect ourselves inwardly. If you experience stress from ‘temperance,’ you need the right kind of experience to free yourself within healthy limits. - Joseph’s “just my thoughts”
James Simons founded Renaissance Technologies, the leading American hedge fund investor. He was, in fact, a mathematician. The Medallion Fund he ran had also seen a 200-fold increase in Berkshire Hathaway stock yield, matching Warren Buffett's performance. It was an incredible record, plain and simple. This conclusion was a subtraction of 5% of the management fee from the fund as a GP with 44% of the compensation fee. He invested in a cutting-edge "quant system" that trades stocks using sophisticated computer-aided algorithms. To eliminate emotional interference, the finance industry excluded employees. However, they recruited doctors like him from the science and technology fields. Even having extensive financial and investment knowledge, investment is the conclusion of action. Sound judgment beyond feelings is crucial for investment, but feelings are a variable. It's challenging to become wealthy if you don't control your emotions. In other words, emotions are a...