Garbage: Nothing starts as garbage; it becomes so when materials used to protect valuables, like packaging, are no longer needed, or when objects become obsolete or worn out after their expiration date, such as second-hand goods. In essence, garbage results from the end of roles or functions, as well as the passing of values over time. Similarly, the mind follows this process. The defense mechanisms of the mind, which I once valued for self-protection, may also become garbage. When they are no longer valid or worth protecting, we may cling to them, though they are mere illusions. Just as with physical waste, mental garbage should be discarded rather than kept. - 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...