Rarely does an erected flag fly alone. An invisible wind moves it, meaning an external force. When the wind blows, flags flutter, dust rises, and laundry dries. Many changes occur in response to one external factor, but we cannot see the cause. Eyes capable of reading invisible external causes can respond to a world of rapid change. We cannot attribute a cause solely by observing a phenomenon; instead, we must recognize a specific pattern across multiple phenomena. The ability to detect hidden commonalities is a form of wisdom. - 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...