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A Brief Talk—Investing
If you don't understand investing, then you should understand driving🚗. The younger you are and the more money you lack, the more you act like a delivery guy, often rushing through red lights. Sometimes it's luck, sometimes you think you're capable, but repeatedly running red lights will eventually lead to trouble.
Regarding fast and slow returns, some people understand this from the start, like high-quality rich second-generation heirs, whose principal is always sufficient, and they don't lack money for consumption. They can comfortably wait a month without earning, wait a year, or hold for four years. These people are lucky and don't look down on shady knockoffs; holding BTC always makes money.
The second type of people take many years to understand the principles of fast and slow. Young and impulsive, they love to step on the gas, enjoy "Initial D" and "Fast & Furious," but investing isn't city roads with traffic lights, dual carriageways, and navigation to plan your destination. Recklessly stepping on the accelerator results in speeding tickets or violations; worse, it can lead to car crashes and fatalities. Only after suffering enough setbacks do they learn about fast and slow, like me!! Such a loser.
The last type of people will never understand the fast and slow of investment returns because their time is too short—they hit the gas and crash immediately, like Mario dying on a single line. That’s the kind of recklessness that can wipe out an entire clan. So, no more driving—just take a taxi. Working a steady job can also keep you alive comfortably.
When you're in your early 30s, already accomplished, with a spoiled four-bedroom mistress, you're a vice president of a listed company or a startup founder. You have several thousand W in disposable cash, and your company owns a few Maybachs for transportation. At this point, you need to hire a few drivers. Your requirement is whether they are steady, retired veterans or young, impulsive guys like Liu Huqiang.