The most reliable path to wealth in this world is having foresight. Among the characters of the Old Testament, Joseph exemplified this; initially sold as a slave in Egypt, he eventually ascended to become the imperial premier, elevated from a prisoner due to his ability to foresee events. Fourteen years later, his foresight again led to the nation’s prosperity. For anyone to gain this foresight, they must gather information, analyze it, and put in substantial effort. However, there’s a key condition: the knowledge of the future must be kept exclusive to oneself. Moreover, it’s not enough to simply know; one must believe in and act upon their insights. Thus, both the wealthy individual and the prophet share a critical trait. Essentially, wealth stems from a unique grasp and monopoly on the future. - Joseph’s “just my thoughts”
When an officer informed Prussian Friedrich the Great that there were discrepancies between the book and the actual battle, Friedrich famously replied, “We have a mule that has fought 60 times in our army, yet it remains just a mule.” In response to an officer’s query about becoming a great strategist, Napoleon stated that his only way was to study the history of warfare. Lincoln admitted that everything he sought to understand was contained in a book, and Edison read through the entire collection from the Detroit Library. When asked about the key to his success, Warren Buffett declared that it was consistent reading. Don’t be misled into thinking that experiences outweigh the value of reading. - Joseph’s “just my thoughts”