Joseph's "Just My Thoughts"

Employees at securities firms have access to stock information that is more abundant and faster than what the general public receives. However, only a few among them are truly wealthy. Many believe that having a good environment, a prime location, and access to exclusive, valuable information will lead to wealth, but the reality is different. In truth, a person’s perspective and practical ability to understand the world hold greater power. A life dedicated to understanding the essence of phenomena and things ultimately enriches one’s existence. - Joseph’s “just my thoughts”

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...

Only when there is a surplus can new things be created. Surplus means having more than what is necessary. Creating something new requires an initial investment in advance. Whether it’s labor or capital—that is, whether labor is purchased with capital—energy can only be used for new work if there is a surplus. Only with prior investment can something entirely new, never seen before, be made. The existence of something that did not exist before in this world results from someone putting in their surplus first. - Joseph’s “just my thoughts”

Money is the most widely used medium of exchange worldwide, serving as a way to buy essential goods needed for life or to store wealth. Since the country guarantees the stability of fiat currency, it becomes possible to exchange ‘things for money’ instead of ‘things for goods,’ unless the country goes bankrupt. However, this amount of money cannot be increased indefinitely. When there is too much money in circulation, its value drops below the price of goods, causing those who hold wealth in money to lose that wealth. The key point is that money is limited in the market. Due to this limitation, money gains value. The government regulates this money supply through the ‘interest rate.’ Raising the interest rate reduces the money supply, while lowering it increases the supply. This helps control prices. Therefore, understanding the interest rate is crucial for managing and valuing wealth, making it essential to know the interest rate above all else in life. - Joseph’s “just my thoughts”

FAST (Free Ad-supported Streaming TV) is gaining attention. It refers to a type of media service where viewers watch ads and access content for free instead of paying a fixed subscription fee to watch movies or shows online. However, strictly speaking, FAST isn’t truly free because viewers must watch ads. In terms of opportunity cost, the viewer pays for the service by watching ads instead of paying a subscription fee. All free offerings are created through a value exchange. Let’s not be mistaken—nothing is truly free. Freebies are simply a form of payment. My expenses become someone else’s income. - Joseph’s “just my thoughts”

Humans can explain why they consciously act, but it’s hard to clarify their unconscious actions. When we can’t explain our unconscious behaviors, we often feel a sense of fear. We perform many actions unconsciously without realizing it, but if we can’t explain why, our brains invent their own stories. Humans are naturally drawn to and affected by stories. Fear arises when we’re in a situation that can’t be explained by our stories. - Joseph’s “just my thoughts”

It took 3,000 years from the appearance of smallpox in the world to the development of a vaccine. It took 13 years for AIDS, 5 years for Ebola, and just 4 months for COVID-19. Seven days after the COVID-19 outbreak was reported to the WHO, all of the viral DNA sequences were identified. The rapid development of an mRNA vaccine in such a short timeframe has never been achieved in human history. This demonstrates how remarkable progress in biology and biotechnology has become. Similarly, the pace of wealth creation and economic growth has also sped up. It is a recent phenomenon in the long history of human life that we now measure time in seconds. We need to understand what kind of world we are living in right now. - Joseph’s “just my thoughts”