Egoistic Mind. Traditional education that emphasizes social interaction often views ‘selfishness’ as a negative trait. However, selfishness is a necessary component for survival. The problem arises when selfishness is solely focused on oneself, as it can damage social bonds and community life. I believe that selfishness and sociality are qualities that should be balanced and complemented, not seen as mutually exclusive. Ultimately, selfishness should align with social interests. I call this positive form of selfishness “altruistic selfishness.” It means making choices that satisfy your own needs first, but ultimately acting in a way that promotes happiness for both yourself and your neighbors. - 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...