Implement: The act of turning thoughts, plans, or wills into reality. There is a significant difference between ‘knowing’ and ‘being able to do.’ Knowing a lot doesn’t mean you’re skilled at it, and just because you’re skilled doesn’t mean you know a lot. It’s limited to ‘knowing,’ and that reality doesn’t change unless you act. It’s crucial to practice “what I can do” first. Even if you have extensive knowledge of stock investing, it’s useless unless you actually invest. Even if you’re poor, you should invest a small amount of money; your knowledge is then put to the test. It’s foolish to study only until you have money and then invest in tangible assets after accumulating substantial wealth. It’s wiser to start with a small investment and gradually increase it as your knowledge is proven. Beginning with what you can do NOW is the ONLY way to truly demonstrate your knowledge. - Joseph’s “just my thoughts”
The number of gas stations along the road decreases as vehicle mileage increases. If you do not understand your business ecosystem and only manage it diligently, the consequences will stay with you. A gas station is a subordinate part of a car. Therefore, changes in car performance have a ripple effect on many related industries. I must constantly monitor and study the ecosystem in which I operate my business and decide how to respond when changes happen. The shift from internal combustion engines to electric vehicles also impacts gas stations. The world is changing rapidly right now. - Joseph’s “just my thoughts”