As Voltaire said, “History never repeats itself; man always does.” Many interpret this saying differently, but the core message that human behavior is hard to change is clear. Since humans cannot predict the future, they can only forecast it based on past experiences. That’s the best way to anticipate what’s ahead. The current economic and financial landscape is driven by irrational human behavior that remains constant. It is not based on <hard skills> like investment techniques or mathematical formulas but on <soft skills> such as emotions, psychological reactions, and attitudes. Understanding humans helps us understand the world. Therefore, history and the humanities play a significant role in wealth building. However, it takes just a few soft skills to accumulate wealth, and ultimately, human actions shape a person’s destiny. In wealth building, soft skills and behavior matter more than grand theories or knowledge. - 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”