Stock investment is categorized into short-term and long-term strategies. As with all investments, the success of an asset is determined at the time of purchase, not when you sell it. Short-term investing involves buying stocks at low prices, while long-term investing focuses on buying based on the overall price trend. These two approaches embody different investment philosophies. The first factor to consider when developing an investment strategy is time—the duration of the investment. Valuation and investment methods vary depending on the length of the investment horizon. - Joseph’s “just my thoughts”
Success always has two faces. One is achievement and the other is complacency. There's a term in business administration called the " Competence Trap". It refers to the belief that if people cling to and repeat past successes, they will continue to be successful in the future. Xerox, which invented the world's first personal computer; Chrysler, which missed the SUV market because of the success of the minivan; and Kodak, which invented the world's first digital camera but failed to aggressively market it for fear of losing its main business, film. Humility is not an etiquette, but a shared destiny essential to success. - Joseph’s “just my thoughts”