The world of investing is full of uncertainty. Even if we understand the past, we cannot predict the future, and past patterns are not always reliable. To maintain stability and protect my interests in an uncertain world, I need to know my own limits for change. Based on these limits, I should develop small, regular response patterns. In other words, the key to overcoming uncertainty is my own consistency, guided by the thresholds I observe in the world around me. Small, steady behaviors and habits can help manage or minimize the impact of uncertainty. No one invests without expecting the asset’s value to increase over time. The issue is that no one can truly predict the future, and even correct predictions are mostly based on probability and luck. However, from a broader perspective, microscopic risks can be managed. For example, the macro principle “Every human dies” must be 100% true, even if individual behaviors are unpredictable. - Joseph’s “just my thoughts”
The reorientation and expansion of a business should be planned and decided in terms of customer synergies, not company synergies. It may be more successful to offer a customer who buys apple jam an extra slice of bread to spread it on than to provide a customer who buys apple jam an extra jar of peach jam. It's easier for the jam seller to give away an extra jar of jam, but for the customer, the bread is more valuable than the jam. - Joseph’s “just my thoughts”