As Voltaire said, “History never repeats itself; man always does.” Many interpret this saying differently, but the core message that human behavior is hard to change is clear. Since humans cannot predict the future, they can only forecast it based on past experiences. That’s the best way to anticipate what’s ahead. The current economic and financial landscape is driven by irrational human behavior that remains constant. It is not based on <hard skills> like investment techniques or mathematical formulas but on <soft skills> such as emotions, psychological reactions, and attitudes. Understanding humans helps us understand the world. Therefore, history and the humanities play a significant role in wealth building. However, it takes just a few soft skills to accumulate wealth, and ultimately, human actions shape a person’s destiny. In wealth building, soft skills and behavior matter more than grand theories or knowledge. - Joseph’s “just my thoughts”
When farming, it doesn’t mean it doesn’t rain, but if it rains just twice a year, it ruins the farm. If it rains heavily, it causes a flood; if it doesn’t rain for a long time, it leads to drought. Regularity is a crucial habit that enriches our lives. So is money. Money that comes in regularly every month is more valuable than money that arrives all at once. A small but consistent action taken every day can radically change your life. However, the reason this is hard for us is that the effect must accumulate over a certain period before you can feel a significant difference. Patience accomplishes very valuable things that money cannot achieve. - Joseph’s “just my thoughts”