Maintaining even a small annual profit is advantageous in investing. Survival remains the most critical factor in business. People have sought the secret to Warren Buffett’s success, which is the power of compounding, but they overlook the real key: he has invested consistently for 75 years without pause. You can indeed succeed in your business endeavors through sheer survival; conversely, you cannot survive solely because of your success. Survival is only achievable if you have the strength to keep going, even with minimal returns. To do this, you must do what you love. Invest in stocks you like, and continue investing even if it is volatile. Next, you need to secure a “margin of safety.” Even a small margin ratio is crucial because a business can’t survive without margins. Frugal spending, flexible thinking, loose schedules—anything that helps during tough times—can all contribute to building a margin of safety. - Joseph’s “just my thoughts”
If being happy doesn’t depend on intelligence or wealth, what truly brings happiness to people? I believe that “knowing how to find satisfaction” and “knowing how to enjoy life” are essential for happiness. While having more or less can play a role, it isn’t the sole determinant. What matters most is finding a sense of satisfaction that resonates with your circumstances. Genuine education should prioritize teaching individuals how to find joy and contentment before focusing on the pursuit of achievement. - Joseph’s “just my thoughts”