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”
Years of research by cognitive psychologists indicate that creative individuals are influenced more by situational factors than by their inherent talent. Essentially, being able to navigate a creative context is more crucial than possessing creative skills. Creativity does not exist in isolation; it is shaped by the surrounding environment and context. People are influenced more by their circumstances than by personal abilities. To reach their objectives, individuals must understand the necessary tools and techniques. However, concentrating solely on these tools can lead to a loss of perspective on the ultimate goals. Establishing clear goals can transform the environment and context in which one operates. - Joseph’s “just my thoughts”