If you are intelligent, your chances of becoming wealthy are relatively high, but being smart alone doesn’t necessarily make you rich. Wealth can only be achieved when other vital factors come into play, such as those who understand how to judge legal rights in transactions beyond just intelligence, and those who can establish governance or maintain relationships. Luck refers to a situation where all these different conditions are easily satisfied. This happens when I acquire it because all important and diverse conditions align at the same moment and place. Therefore, a deal or opportunity that genuinely works for me shouldn’t be complicated. The more complicated it is, the more likely I am to be scammed. The human brain is wired to seek simplicity. Our brains consistently choose efficiency. - Joseph’s “just my thoughts”
The Japan Airlines that no one thought would ever recover. It was the biggest corporate bankruptcy in Japan. When Kyocera Group Chairman Emeritus Kazuo Inamori took the helm to save Japan Airlines, his priority was to reform the mindset of the employees. Whenever he could, he gathered all employees for lectures on mental reform, and executives were required to attend a separate lecture on mental reform given by Kazuo Inamori every Thursday without exception. The employees' frustration was palpable, but the company returned to the stock market after two years and eight months. There is no magic in running a company. Attitude and mindset are everything. - Joseph's "just my thoughts"