If you are intelligent, your chances of becoming wealthy are relatively high, but being smart alone doesn’t necessarily make you rich. Wealth can only be achieved when other vital factors come into play, such as those who understand how to judge legal rights in transactions beyond just intelligence, and those who can establish governance or maintain relationships. Luck refers to a situation where all these different conditions are easily satisfied. This happens when I acquire it because all important and diverse conditions align at the same moment and place. Therefore, a deal or opportunity that genuinely works for me shouldn’t be complicated. The more complicated it is, the more likely I am to be scammed. The human brain is wired to seek simplicity. Our brains consistently choose efficiency. - Joseph’s “just my thoughts”
Investing in stocks isn ’ t only about buying and selling shares on the public stock market. One way to invest in stocks is by improving a company’s performance and helping it grow. In fact, this is a more fundamental approach to stock investing. In other words, both trading stocks and managing the company are ways to invest. Buying and selling a company ’ s stock involves trading its shares because stocks indicate that profits will be shared and signify ownership. When a company is well-managed and performs strongly, its stock price rises. The company’s value is reflected in its stock price, making effective management a crucial part of investing in stocks. It doesn’t matter if the investor is inside or outside the company—managers need to understand the core of what they are doing. - Joseph’s “just my thoughts”