I have a habit in investing: I only heavily invest in those directions that currently have real performance support or have a very clear performance expectation path. As for those sky-high castles that can't fulfill their promises in the next few years, honestly, I can't hold onto them either. As soon as the market experiences a sharp fluctuation, my mentality collapses, and I follow suit with stop-loss actions.

This principle sounds simple, but many people get stuck when trying to implement it. Recently, I was reminded of Munger's famous quote: "The reason we have achieved today’s results is not because of what we did, but because of what we didn't do."

Upon reflection, this statement is truly profound. In the high-volatility environment of the crypto market, restraint and selectivity are often more valuable than blind participation. Knowing which projects are not worth touching often protects the principal better than knowing which will skyrocket.