The most important aspect of investing is managing risk. However, in most cases, risk management is interpreted and assessed in relation to past patterns. When asset prices fall, the perceived risk appears significant. That doesn’t imply there weren’t risks; investors simply didn’t recognize the risks that originally existed. The level of risk is almost identical whether the price of an asset goes up or down, but when prices decline, they tend to drop further because fear prevents us from purchasing more assets, leading us to retreat. It’s not that the risk has escalated. It is unwise to link risk with past patterns. There have been numerous exceptions in the world, and many beings on this planet have disappeared because they could not adapt. Did dinosaurs not become extinct on Earth? Exceptions are exceptions because they are unpredictable. - Joseph’s “just my thoughts”
The world grants power through the interpretation of phenomena , gaining support from many people. Acquiring power through interpretation is termed “interpretation supremacy.” Interpretation involves explaining and understanding the essential concepts that are often concealed in a phenomenon, yet are crucial to its existence. The media has embraced journalism for its capacity to rapidly disseminate facts to a broad audience. Journalism embodies interpretive supremacy. To make an impact in the world, I must be able to express myself and my actions in an engaging and accessible manner, leveraging various media to share my interpretations. With the prevalence of social media , all that is required now is the skill to interpret and seize interpretive supremacy, along with the capability to articulate it effectively. - Joseph’s “just my thoughts”