Small Fun: Although not essential, small fun helps prevent corruption and depravity, and keeps greed in check. In fact, the key to controlling greed isn’t moderation, but small fun itself. However, if that small fun ever disappears—leaving you bored or unmotivated—it’s important to take time for self-reflection. While big fun doesn’t last long and can actually fuel greed, by contrast, small fun supports steady effort and offers you time to reflect leisurely. Therefore, to live a happy life, we must find some small fun. - 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...