1⃣️Daily Flow (Flow)

*Looking back at Lao Ba’s shareholder meeting, I’m filled with emotion. Many of the lessons from back then still apply to the market changes of this period.
*The Theory of an Acceptable Mask
*The most memorable thing throughout the whole session was the Acceptable Mask Theory that Lao Ba talked about. When he was 19 or 20 years old, his heart was set on making money, and he had also prepared his own trading strategy and set himself up to invest in stocks. But then, after reading a sentence in a certain book, he suddenly felt that all the things he had done before might have been wrong.
Although this theory sounds profound, what it’s really describing is that the mistake from accumulated experience is suddenly made clear in a single moment of realization. He also added that maybe you’ve focused on a company for 10 years, but at some point your thinking jumps out of the existing pattern, and you feel you’re too stupid—just that moment of sudden understanding.
In fact, I’ve had a few moments of realization in this circle as well. Of course, these realizations came after a period of pain and reflection. First is contracts. Contracts have caused so much harm to me—and to many investors around me—that it’s beyond description. Even though we can all see the extreme profits in the short term, in the end, most still end up losing their principal or even going bankrupt.
Another moment of realization was about love. I used to choose a relationship that would drain me a great deal. I knew we couldn’t get along, but I was unusually fixated on the other person. No matter how continued harm kept wearing down my inner self, it wasn’t until I had been away from that relationship for a long time that I suddenly realized it.
*Concerning fraud by a company or project party
Lao Ba mentioned that, on a company’s accounting books, you can do a lot of things to manipulate the records.