Warren Buffett, who has amassed 99% of his wealth since the age of 50, revealed that the secret lies in “compound.” When you lend money, interest is added to the principal as income. Initially, interest is applied only to the principal, but compound interest is applied to both the principal and the accumulated interest. Therefore, at first, it seems negligible, but over time, significant wealth growth takes place. The same principle applies to reading: even if your reading speed is slow, consistently reading just a few books each day can lead to a wealth of knowledge. After a year, this accumulated knowledge creates a network effect, allowing you to quickly absorb new information. Consequently, your reading speed increases dramatically, leading to an exponential growth in the volume of material you can handle. This exemplifies the compound interest effect. Even small, consistent actions taken daily can build up and create a compound interest effect over time. Cartoonist Lee Hyun-se sta...
In law, a “fact” is not referred to simply as a “fact,” but rather as a “ contextual fact.” The legal system addresses the relationships between people, positing that all facts are generated and understood within these relationships. Even the question of existence—whether to be or not to be—is grasped through the lens of relationships. There is no fact without a relationship, and the fact itself is neither true nor false; instead, the relationship determines its truthfulness or falsity. In other words, if you view truth and falsehood as absolute, you will navigate the world with a rigid mindset. Conversely, if you accept them as relative and contextual, you will perceive them with a broader sense of liberty. Ultimately, which perspective leads to greater happiness is a matter of individual disposition and taste. - Joseph’s “just my thoughts”