Maintaining even a small annual profit is advantageous in investing. Survival remains the most critical factor in business. People have sought the secret to Warren Buffett’s success, which is the power of compounding, but they overlook the real key: he has invested consistently for 75 years without pause. You can indeed succeed in your business endeavors through sheer survival; conversely, you cannot survive solely because of your success. Survival is only achievable if you have the strength to keep going, even with minimal returns. To do this, you must do what you love. Invest in stocks you like, and continue investing even if it is volatile. Next, you need to secure a “margin of safety.” Even a small margin ratio is crucial because a business can’t survive without margins. Frugal spending, flexible thinking, loose schedules—anything that helps during tough times—can all contribute to building a margin of safety. - Joseph’s “just my thoughts”
Text and images emerge from thoughts. Although the thought is ‘abstract,’ the text and images are ‘conceived.’ In transforming abstraction into conception, we genuinely realize reason and ultimately awaken knowledge. We cannot comprehend something if we merely see and hear. We don’t write because we know it; rather, we come to know through writing. Design doesn’t originate from good ideas but stems from validating thoughts through ample inspiration. Just as skillful typing doesn’t guarantee good writing, proficiently using drawing software doesn’t ensure good design. - Joseph’s “just my thoughts”