Poison: Writer Jong-bong Kim , a full-time investor, said in his book “ Money Scenario ,” “All profits you get without knowing it are poison.” If you make money without knowing whether it’s from a business or a stock investment , you operate and invest with that unaware mindset. Acting without explicit knowledge is extremely risky. The more money you earn unknowingly, the faster a significant loss will come. Continuously doing your business without understanding why customers buy your products or why your stocks generate profit can lead to a serious crisis. The greater the influence, the larger the impact. Whatever you do, you need to understand the core and operate properly. Don’t let luck alone control your abilities. The odds of winning the lottery don’t happen every day. Don’t waste time on gambling. The difference between gambling and business, and between investing and gambling, is just a single page of paper. - Joseph’s “just my thoughts”
Austrian psychiatrist Julius Wagner-Jauregg had a remarkable talent for recognizing patterns. When a common tendency appears, it’s called a pattern. Finding common ground also involves identifying problems or finding solutions. Before the discovery of penicillin , Julius was searching for a way to treat neurosyphilis but accidentally discovered that the condition was cured when the patient developed a severe fever from another disease. Julius intentionally infected a patient with malaria to induce a fever, and when the fever rose, he used quinine to treat malaria and saved the syphilis patient. Without treatment, syphilis had a 30% survival rate, but with malaria-induced fever, the survival rate increased to 60%. The survival rate was doubled. For this work, he was awarded the Nobel Prize in Medicine in 1927. Although high fever causes pain in humans, it also signals that the immune system is active. Recognize patterns to solve problems. - Joseph’s “just my thoughts”