The most important aspect of investing is managing risk. However, in most cases, risk management is interpreted and assessed in relation to past patterns. When asset prices fall, the perceived risk appears significant. That doesn’t imply there weren’t risks; investors simply didn’t recognize the risks that originally existed. The level of risk is almost identical whether the price of an asset goes up or down, but when prices decline, they tend to drop further because fear prevents us from purchasing more assets, leading us to retreat. It’s not that the risk has escalated. It is unwise to link risk with past patterns. There have been numerous exceptions in the world, and many beings on this planet have disappeared because they could not adapt. Did dinosaurs not become extinct on Earth? Exceptions are exceptions because they are unpredictable. - Joseph’s “just my thoughts”
The hospital is where patients are healed. Therefore the hospital is full of patients. The hospital must be able to keep patients healthy and accommodate many patients at any given time. The church is a place to call sinners. There are undoubtedly many sinners in the church. But what if there are only sinners who do not repent? Filters are tools that get rid of dirty things and clean them. If we don't clean it, it's the dirtiest. "Self-purification" restores the original substance. If the instructor omits "self-purification," the absurd result will occur as in the previous example. Don't be sad or angry even if life deceives you. - Joseph’s “just my thoughts”