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Today's news:

1. Indonesia's local currency has continued to strengthen recently. On the 8th, the rupiah rose above the 16,000 mark against the US dollar, marking the first time this has happened since May of this year.

2. According to Russia Today TV's website on the 8th, Russian President Vladimir Putin signed a law to legalize cryptocurrency "mining" in the country. The official legal information portal published the relevant documents on the same day.

3. According to data provided by the Korea Trade Association on the 11th, in the second quarter of this year, semiconductors and automobiles accounted for 23.5% and 12.1% of South Korea's overall exports, respectively. The combined proportion of these two major products reached 35.6%, the highest level recorded in a single quarter in history.

4. Ola Electric was listed on the local Indian market on August 9th. This is the largest IPO in India since the $2.7 billion stock issuance of the Indian state-owned life insurance company in 2022. The company's founder, Bhavish Aggarwal, founded Ola Cabs in 2010 and achieved significant success in the Indian market, establishing the company as the country's leading shared travel service provider.

5. Google's DeepMind recently announced the development of a table tennis robot that can compete at the level of amateur human table tennis players. Researchers stated that while the robot lost all its matches against senior players, it won all matches against junior players and 55% of matches against intermediate players.

6. On August 11th, Andrei Demchenko, spokesman for the Ukrainian State Border Service, reported that the situation on the Ukrainian-Belarusian border has been brought under control. There are currently no records of equipment or personnel activities on the Belarusian side near the border. Relevant Ukrainian departments are actively monitoring developments in the region.

7. IDC reports that the global folding phone shipments' compound annual growth rate (CAGR) for 2020-2023 is 110%. Shipments are expected to reach 45.7 million units by 2028, with a penetration rate of 3.65%. China's folding phone market continues its growth trend. In Q2 2024, China's folding screen phone shipments totaled 2.57 million units, representing a year-on-year increase of 104.6%. It is expected that the penetration rate of foldable phones in China will reach 5.5% by 2028, with shipments reaching 16.43 million units.

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Today's Insights: The Amazing "3-Minute Rule" Has Changed Countless People

Table of Contents

The Amazing "3-Minute Rule" Has Changed Countless People

Time is the best medicine to cure everything. Speaking, doing things, and treating people all need time to ferment. Making good use of three minutes or wasting three minutes may seem insignificant, but over time, the gap between people will gradually widen. The "3-minute rule" suggests that every action is an opportunity to become a better version of oneself.

When Speaking, Brew for Three Minutes

Have you noticed that many quarrels and misunderstandings in life are caused by impulsive speech? Even without malicious intent, speaking without thinking can lead to offending others. A kind heart, if poorly expressed, can be misinterpreted and lead to complaints. Speaking is easy, but communicating well is not.

Socrates once said: "Before speaking, sift it." Think twice before speaking to avoid unintentionally hurting others. If you pause for a moment before speaking, you can prevent unnecessary trouble. When you want to evaluate others, take three minutes to consider whether you truly understand the situation. When you feel the urge to argue, spend three minutes thinking about a better way to express yourself. A little time for silence is the greatest kindness to yourself and others.

Start What You Want to Do Within Three Minutes

Leonardo da Vinci, a renowned procrastinator, left behind fewer than 20 paintings, five or six of which were incomplete at the time of his death. He once lamented, "Tell me, what things have been completed?"

If you delay tasks until the last minute and the results are poor, you might comfort yourself by saying, "It's because I didn't leave enough time to prepare." This excuse shifts the blame away from your abilities. However, there is a famous "3-minute rule" in psychology: it's best to start what you want to do within three minutes, or you risk procrastinating or giving up altogether.

So, don't fear failure or let it cause you to procrastinate. The best choice is to act immediately on what comes to mind. Taking the first step helps you overcome procrastination and become a person of action. Concrete action is what defeats confusion and anxiety.

When You Are Angry, Calm Down for 3 Minutes

There is a short story that illustrates the importance of controlling anger: Once upon a time, a man accidentally acquired a precious purple clay teapot and cherished it dearly. One night, while sleeping, he accidentally knocked over the teapot, causing the lid to fall to the ground. Upon waking, he was upset and thought, "If the lid is broken, there's no point in keeping the teapot." In his frustration, he threw the teapot out of the window.

However, when morning came, he discovered that the lid had simply landed on his cotton shoes and was undamaged. Regretting his actions, he then thought, "Now that the teapot is gone, there's no point in keeping the lid," and proceeded to smash it underfoot. As he walked outside, he looked up and saw the teapot hanging intact on a tree branch.

Truly mature individuals know how to handle situations calmly. The next time you feel emotional, try taking a few deep breaths and counting from 0 to 100. Taking your time can save you from rash decisions and leave you with no regrets.

Everything is Prepared, and Not Prepared is Useless

Those who prepare in advance are more likely to be favored by fate. Don't underestimate a few minutes; they not only reflect a person's sense of time but also their attitude toward life. People who prepare three minutes in advance for everything usually have a strong sense of time and principles. Working with such individuals provides a sense of security. Being three minutes ahead in everything brings you closer to success.

about author - daniel

About Author - Cartney Piers

With extensive experience in the power tools industry, and her expertise in power tools import and export, combined with a strong business background, ensures our readers receive knowledgeable and timely news. Efficient and smart, Cartney excels in delivering high-quality content that resonates with B2B wholesalers and importers. Outside of writing, she enjoys exploring new technologies and staying ahead of industry trends.

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