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”
The advice to concentrate on one thing instead of trying to excel at many is valid, as it’s also challenging to master a single skill. If you neglect the other essential background abilities necessary to enhance that one skill, you will be unable to overcome your limitations. For a top-level skill to thrive, the supporting average abilities for that skill must also develop concurrently. Concentration should not be an excuse to avoid or ignore what’s important. - Joseph’s “just my thoughts”