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”
Problem-solving attitudes are largely divided into “problem-oriented coping” and “emotional-focused coping.” In a bad situation, wise risk management is “problem-oriented coping.” We want to exclude emotions as much as possible to define the problem and properly prioritize our behavior. Leaders manage people and issues well, not dictatorships or charisma. Emotions make the leader's charisma stand out, but the organization suffers tremendously from the emotional storm. - Joseph’s “just my thoughts”