In our society, there are accepted ways to communicate messages. Messages that don’t follow this format are often rejected or ignored by the public. If CEOs or politicians don’t understand this communication format and fail to deliver their messages effectively, people won’t understand them, which can harm the relationship. Meetings like those of accounting, the board of directors, and general shareholders meetings are examples of these communication formats. We need to learn the correct format first so we can express ourselves clearly. You could attend a swimming competition in a suit, but since it would seem funny, a leader must understand this formality well to be effective. - 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...