The most important rule in investing is not to lose your initial capital. Making money comes later. If you lose 50% of your principal, the loss rate is 50%, but to recover that principal, you need a 100% return. This is because the baseline of your return—the principal—has already been halved. Many people tend to think that if they’ve lost 50%, they only need a 50% return to break even. However, this is a misunderstanding of the starting point. In investing, the baseline is always the original principal. The principal after a loss is no longer the same; it’s already in the past. - Joseph’s “just my thoughts”
Living hard means saying when you are on the right track. Getting out of the way is the right answer if you've taken the wrong way. And you will live harder in the right way you choose again. Life is a choice before hard work. But most people try to win the choice with effort. In other words, this is called “hardship”. - Joseph’s “just my thoughts”