Evaluation

People always make choices based on their values. If we don't listen to our inner voice when faced with similar decisions, we often make the wrong choice, leading to regret later on.

For example:

  • Value vs Price
  • Time vs Money

Tangible things easily catch our attention, which often leads to confusion, while intangible things are often overlooked. Once missed, they cannot be recovered.

Every choice comes with a cost. Only by clearly understanding what we are giving up in exchange for something else can we truly take responsibility for our decisions. During times when the U.S. stock market is continuously rising, Berkshire Hathaway still holds half of its portfolio in cash. Inaction itself is a choice, but it only becomes our decision when made consciously.

Buffett frequently misses out on good investment opportunities, but his greatness lies in his honesty about his own limitations and mistakes, allowing him to constantly improve. He once said that investing is not like baseball—you won’t strike out if you don’t swing. I believe choosing a life partner and entering into marriage is similar.

Intangible "value" cannot be fully analyzed through quantification. Just like choosing a business partner, you can't only look at their net worth—you also need to verify their abilities and observe their character.

Time is a constantly depleting resource that’s difficult to regenerate (perhaps it can be extended, but only to a limited degree). Like money in an account, time is invisible, and we can never know exactly how much of it we have left. Unless you're born wealthy, most people tend to have negative emotions about losing money. In contrast, because we are born with a full amount of time, we often waste it without a second thought.

The ability to transform tangible resources into intangible resource, according to our heart's desires, is true happiness.

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iam@kevinhuang.tw