The recent “killing spree” in tech stocks in A-shares and US stocks has brought many people’s suffering into the open—for example, Feng Ge, who rebounds as soon as he clears his position, and then loses money as soon as he buys.

But actually, suffering is an age-old business with internally consistent logic, and it’s time for the editor to tell a story:
In the late 19th century, there was a popular tourism project in New York called slumming (a direct translation: going around poor neighborhoods).
The process went like this: for high-net-worth people with money, they would pay to hire a guide who would take them on a nighttime tour of Chinatown, showing them how local poor people lived.
At first, this could still be considered an experience-based tourism of “seeing suffering.” But later, because the business was doing too well, there weren’t enough real poor people to keep up with demand—so the guides hired actors to put on a fake opium den and perform the kind of bottom-layer life the guests wanted to see.
Now, the situation is actually the reverse: we’re more willing to peep into the lives of the rich, and if they can suffer a bit, the traffic effect is even better.
After all, it gives me a kind of curious mindset that brings comfort, balance, or satisfaction.
So when Feng Ge “fell from the altar” and became a well-known investment-and-entertainment show across the whole internet, he doesn’t need to fake anything, because his losses are real.
In this era, real pain is actually the best content.
His suffering fuels his traffic, and in the end, it may not even add up to losing money. As for me, the editor—I really lost for real, and nobody cares 😭