1. Understanding the Principle of Knowledge Through Investigation and Self-Reflection

Many investors understand how impressive compound assets can be.
For example, with Warren Buffett's annual return of 20%, if you gave him 1 million ten years ago, it would now be 7.4 million at a 20% annual rate.
So, the power of asset compounding is indeed astonishing.
But the same principle of time compounding also applies to other areas, such as reading books.
Spending a full hour reading every day adds up to seven hours a week, enough to finish a book.
Everyone thinks they are too busy to read, but they are just making excuses not to read.
Bill Gates, even at his busiest, still manages to read every day, accumulating 50 books a year.
We should not only invest in assets but also maintain physical and mental health.
Because the compounding effect of time also works on the body.
If you have a habit of eating late-night snacks, and each time consumes 300 calories, that adds up to 9,000 calories a month.
Over time, this is quite remarkable and is a major cause of obesity in modern people.
As for the mind, if you meditate for 10 minutes every day, you will have 300 minutes a month to converse with yourself and deeply heal.
Jeff Bezos once said that meditation is the greatest investment.
Carefully examine your habits and consider what might happen if you stick to them for 30 days or a year.
Seemingly insignificant small things could influence your entire life.
Confucius said: "People with similar natures tend to have different habits."
Every investor's personality and ability are not inherently superior or inferior, but through different trading experiences, we gradually develop different habits.