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Just my thoughts #0396

Warren Buffett, who has amassed 99% of his wealth since the age of 50, revealed that the secret lies in “compound.” When you lend money, interest is added to the principal as income. Initially, interest is applied only to the principal, but compound interest is applied to both the principal and the accumulated interest. Therefore, at first, it seems negligible, but over time, significant wealth growth takes place. The same principle applies to reading: even if your reading speed is slow, consistently reading just a few books each day can lead to a wealth of knowledge. After a year, this accumulated knowledge creates a network effect, allowing you to quickly absorb new information. Consequently, your reading speed increases dramatically, leading to an exponential growth in the volume of material you can handle. This exemplifies the compound interest effect. Even small, consistent actions taken daily can build up and create a compound interest effect over time. Cartoonist Lee Hyun-se sta...

Just my thoughts #0392

The banana tree is not actually a tree; it is a type of grass. The reason the stalks of this grass are mistaken for trees is that the stalks of bananas accumulate and become hard. Wild bananas contain seeds, but the bananas we eat today are one of the “Cavendish” varieties. People discovered and popularized a seedless mutation for commercial purposes. So, how do bananas grow without seeds? Once a banana has attached, it does not grow again from the same stalk, so the farmer cuts it away. Bananas propagate by transplanting roots that grow next to the severed stems. Therefore, edible bananas around the world share almost identical genetic DNA. Thus, if bananas become diseased, there is a high likelihood of complete annihilation. For life, diversity is an essential condition for survival, and the same applies to companies. - Joseph’s “just my thoughts”

Just my thoughts #0074

We often find that the more intelligent people are critical of the world. However, a wise person does not use their superior abilities to blame others but to help others. When used foolishly, superior abilities can harm the world; when used wisely, they can help the world. Superior intelligence should not be judged by the extent or depth of its knowledge, but by the fruit it produces. Most of the world's abilities are judged by the value of their use rather than their effectiveness of utilization. A tree should be evaluated by its fruit, not its roots or trunk. - Joseph’s “just my thoughts”