Recently, I’ve been pondering a question: many people fight desperately in the market chasing gains and selling off on dips, but as a result, they end up being battered by the market. Meanwhile, some can calmly capture all the upward movements of the market. What exactly is the difference?

It reminds me of a line from the *Tao Te Ching*: "He who does not contend, therefore the world cannot contend with him." Many interpret this as passive withdrawal from the world, but my understanding is different. It’s not about submitting or conceding, but about recognizing that we are not operating on the same level. I have my pursuits, you have yours, and I’ve already surpassed you, so I don’t contend with you, and you cannot contend with me.

Using my investment approach, it’s very clear. I buy excellent companies within my capability at reasonable prices and hold them long-term. I don’t chase after mainstream coins’ fluctuations or buy meme coins, because my goal is simple: as long as the future looks good.

Bitcoin is currently around $81k, Ethereum over $2,300, Binance Coin over $680. I don’t care much about how much these numbers go up or down. The key is, as long as the fundamentals of these assets remain strong and the companies develop well, what does it matter if there are some twists or big swings? Time will ultimately bring us to our goal.

Here’s the interesting part: I don’t contend with volatility, but all the gains belong to me. Those who watch K-line charts daily and trade frequently for a few percentage points of fluctuation are fighting fiercely, but we only need to wait for time to realize gains. This isn’t passive non-contending; it’s contending on a higher level. They fight short-term fluctuations, while we fight long-term trends. That’s what the saying “He who does not contend, therefore the world cannot contend with him” is about.

Holding high-quality assets long-term and letting time work for us—that is true investment wisdom.