The world of investing is full of uncertainty. Even if we understand the past, we cannot predict the future, and past patterns are not always reliable. To maintain stability and protect my interests in an uncertain world, I need to know my own limits for change. Based on these limits, I should develop small, regular response patterns. In other words, the key to overcoming uncertainty is my own consistency, guided by the thresholds I observe in the world around me. Small, steady behaviors and habits can help manage or minimize the impact of uncertainty. No one invests without expecting the asset’s value to increase over time. The issue is that no one can truly predict the future, and even correct predictions are mostly based on probability and luck. However, from a broader perspective, microscopic risks can be managed. For example, the macro principle “Every human dies” must be 100% true, even if individual behaviors are unpredictable. - Joseph’s “just my thoughts”
“Road Runner” in Warner Bros. animation “Looney Tunes” only runs. To catch it, the villain, “Wile E. Coyote,” digs a trap but only gets beaten by himself every time. However, if it is not a cartoon, the severity of the accidents that “Wile E. Coyote” suffers traps him every time is fierce. We do not acknowledge it. We even watch with the children and laugh together. Because we think that in our brains, “This is animation; it’s just a cartoon, not reality…” Realism has a profound effect on our morality. - Joseph’s “just my thoughts”