Maintaining even a small annual profit is advantageous in investing. Survival remains the most critical factor in business. People have sought the secret to Warren Buffett’s success, which is the power of compounding, but they overlook the real key: he has invested consistently for 75 years without pause. You can indeed succeed in your business endeavors through sheer survival; conversely, you cannot survive solely because of your success. Survival is only achievable if you have the strength to keep going, even with minimal returns. To do this, you must do what you love. Invest in stocks you like, and continue investing even if it is volatile. Next, you need to secure a “margin of safety.” Even a small margin ratio is crucial because a business can’t survive without margins. Frugal spending, flexible thinking, loose schedules—anything that helps during tough times—can all contribute to building a margin of safety. - Joseph’s “just my thoughts”
The hospital is where patients are healed. Therefore the hospital is full of patients. The hospital must be able to keep patients healthy and accommodate many patients at any given time. The church is a place to call sinners. There are undoubtedly many sinners in the church. But what if there are only sinners who do not repent? Filters are tools that get rid of dirty things and clean them. If we don't clean it, it's the dirtiest. "Self-purification" restores the original substance. If the instructor omits "self-purification," the absurd result will occur as in the previous example. Don't be sad or angry even if life deceives you. - Joseph’s “just my thoughts”