Connection Trap: Derivation differs from the original. Let’s say you’ve uncovered the secrets to investing in stocks and made a fortune. The secret you hold is valuable, but if you publish a book about those secrets and spend time giving lectures and counseling to teach others, it becomes difficult to concentrate on your main job—investing in stocks. Investments, publications, lectures, and consultations all revolve around the theme of “stocks” and are linked by a single story; however, each has its own distinct features. Expanding your work isn’t easy. Adding another item to a restaurant menu creates additional problems. We think that time is limited, but often we fail to use it wisely. It’s a miracle we don’t fail while spending time as if consuming water. - 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...