Yesterday, several people privately messaged me asking whether they can join the ByteDance group—even if they don’t say a word. (Some also wanted to get in to get to know Bao Zong and Yang Shen.) To ensure the safety of the classmates, I definitely refused 😂. But I can compile and share the daily highlights from what everyone discusses in the ByteDance group. Yesterday’s TLDR: China is moving residents’ wealth from banks and real estate into the stock market. This is a paradigm shift, not a minor policy adjustment. The US in 08

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