The cultural differences between the East and the West sometimes stem from the natural environment, but they are generally believed to arise from differences in thinking. In other words, Asians tend to understand relationships and similarities by grasping the context of certain events and situations, while Westerners often focus on rules and categories by concentrating on objects. Therefore, Asians believe that even beings far apart influence each other, and Westerners believe that a certain phenomenon occurs only when they are in direct contact. However, the irony is that the West, not the East, has communicated over long distances using invisible magnetic fields or radio waves. The consistency of phenomena does not always produce the same results as expected. - Joseph’s “just my thoughts”
James Simons founded Renaissance Technologies, the leading American hedge fund investor. He was, in fact, a mathematician. The Medallion Fund he ran had also seen a 200-fold increase in Berkshire Hathaway stock yield, matching Warren Buffett's performance. It was an incredible record, plain and simple. This conclusion was a subtraction of 5% of the management fee from the fund as a GP with 44% of the compensation fee. He invested in a cutting-edge "quant system" that trades stocks using sophisticated computer-aided algorithms. To eliminate emotional interference, the finance industry excluded employees. However, they recruited doctors like him from the science and technology fields. Even having extensive financial and investment knowledge, investment is the conclusion of action. Sound judgment beyond feelings is crucial for investment, but feelings are a variable. It's challenging to become wealthy if you don't control your emotions. In other words, emotions are a...