Joseph's "Just My Thoughts"

People don’t work efficiently at first. Efficiency comes from trial and error. In other words, if you don’t try, your chances of becoming efficient are slim. The navigation system only works when the destination is entered. More importantly, it only functions well when the starting point is input accurately. The system recognizes the starting point automatically and guides you to the destination, but if the origin is wrong, problems will occur. Change, growth, and progress only happen when you confirm your identity. You need to ask more than ten people around you to understand who you are. The most reliable method is to look in the mirror and wipe away the stains from your face. If you try to remove a stain by guessing, you might sometimes succeed by luck, but that’s just called ‘hard work.’ - Joseph’s “just my thoughts”

Salary isn’t just ‘my money.’ It’s money that should be spent considering yourself today, your future self in 10 years, and your future self in 20 years—that is, your future self together. Therefore, my current income is always, in a way, public money. We need to get approval from our future self before spending now. A bright future is only guaranteed if the future self agrees to the spending. It’s inconvenient to spend other people’s money on your own terms, and thinking of your own money the same way you see others’ cherished money will help you develop good habits for the future. I don’t have an exclusive claim to my own money, as if there’s no such thing as my own air in this world. - Joseph’s “just my thoughts”

Moderation. Greed and despair stem from the same root: excessive desire. In investing, profits and losses are unpredictable, and the chance of losing is usually higher than the chance of gaining. It’s natural to want to make big profits with minimal damage, but the truth is that it’s not always possible. Ultimately, a disciplined person stays moderate through both profit and loss. It all requires courage. Temperance fosters consistent investment behavior. Without persistence, achieving great things in any area becomes difficult. It’s not easy, but in investing, only those who can stop and accept gains and losses as they happen are true winners. Greed is simply the seed of downfall. - Joseph’s “just my thoughts”

In primitive times, there was no such thing as ‘coincidence’ because all unknown and unpredictable events were interpreted as divine revelation. This reflects a religious and deterministic worldview. Since Christianity was dominant in the West, science also developed based on this deterministic perspective. However, with the rise of quantum mechanics, it has been revealed that the natural world we live in exists in an indeterminate state. Matter is in an uncertain state and becomes determined only when observed by an observer. In other words, the act of observation influences the behavior of the object being observed. To exist and to observe is a deeply metaphysical phenomenon. Do coincidences truly exist? When a decision was made in an undecided state, did God already know the outcome? How much freedom and discretion do humans really have? Does free will truly exist? - Joseph’s “just my thoughts”

The Industrial Revolution and advances in science and technology have caused an unprecedented rise in the production of industrial goods. When products made to meet demand cannot be sold, they remain in inventory. If inventory isn’t managed properly, the ability to fulfill purchase requests quickly declines, which harms both producers and consumers. Depreciation is an accounting method that accounts for the decrease in value over time and includes these losses in production costs. So far, the global economy has experienced repeating cycles of booms and recessions. One of the main triggers is inventory. Inventory is a crucial factor that can lead to business failure, but effective inventory management can help promote greater business success. - Joseph’s “just my thoughts”

Entrepreneurship involves starting to invest in the stocks of my own company. However, unlike open-market stock investments, here you invest in your own business, not someone else’s. My company’s performance directly affects my shares. To excel at investing in your own company’s stock, focusing on one key area can significantly boost your chances of success. Conversely, to be good at investing in others’ stocks, it’s better to understand multiple business sectors rather than just one. Since investing in stocks focuses more on minimizing risk than maximizing returns, diversifying resources across several areas makes risk management more effortless. If you master risk aversion, you can reduce losses and increase your chances of surviving in a volatile market. If you are knowledgeable and well-informed, I recommend investing in others’ stocks rather than pursuing entrepreneurship. - Joseph’s “just my thoughts”