What goes up is risk; what falls back down is an opportunity.

Investing goes against human nature, so only a few are destined to succeed. What we need to do is improve our thinking and our cognition. In essence, investing is the monetization of cognition.

Whether it’s an individual coin or the overall market, the bottom isn’t a single point—it’s a range. If you buy too early, you may go through the darkest hours; but buying cheap is non-negotiable. Value investing means being on good terms with time. Behind great achievements there are also trying moments—investment is about learning how to “wait”; greatness is something you earn through endurance.