Entrepreneurship involves starting to invest in the stocks of my own company. However, unlike open-market stock investments, here you invest in your own business, not someone else’s. My company’s performance directly affects my shares. To excel at investing in your own company’s stock, focusing on one key area can significantly boost your chances of success. Conversely, to be good at investing in others’ stocks, it’s better to understand multiple business sectors rather than just one. Since investing in stocks focuses more on minimizing risk than maximizing returns, diversifying resources across several areas makes risk management more effortless. If you master risk aversion, you can reduce losses and increase your chances of surviving in a volatile market. If you are knowledgeable and well-informed, I recommend investing in others’ stocks rather than pursuing entrepreneurship. - Joseph’s “just my thoughts”
Solomon’s wisdom, demonstrated when he ruled by proposing to divide a living infant with a sword in order to reveal the baby’s true mother and a false one, was notable because nothing truly happened when he suggested dividing the infant. The application of wisdom out of context in this scenario renders wisdom tragic. The difference between a wise man and an evil man can often come down to a piece of paper. Had the real mother’s reaction to Solomon’s judgment been ignored and executed immediately, history might have depicted Solomon as the most evil tyrant in the world. We would easily forget the distinction represented by that piece of paper. Wisdom is the intuition that accurately perceives the unseen context in a given situation. - Joseph’s “just my thoughts”