Morrisss

A subscriber asked me: What do I think about Chinese businessmen beginning to invite and entertain Elon Musk’s father? I wrote a lot, repeatedly revised it, and in the end deleted everything. It’s not that I had nothing to write about; it’s that the deeper I went, the more it involved matters beyond business. There are actually many issues of human nature, business, and intimate relationships here that are worth observing. But in the end, I decided not to write about it. Most importantly, I’m afraid Musk will ban my account. Because insight is a kind of ability, and so is restraint.

A moderate amount of “bad luck” when you’re young is sometimes itself part of long-term good fortune. But if you’re older and still frequently surrounded by fools, then you’re the fool.

I recently watched the film In Time: once people reach the age of 25, they stop aging, but must constantly earn “time” to stay alive. The rich possess hundreds of years, while the poor scramble every day to earn enough life for tomorrow. Many people become outraged by the unfairness of the world at this point, but few continue to ask: Why was this system designed this way? If everyone had unlimited time while the population, resources, and productivity remained limited, the system would likewise be unsustainable. Therefore, every system is essentially a way of managing and distributing scarcit

What is the old order? In essence, the old order is the entire set of rules for distributing resources, interests, power, and positions that gradually took shape after the previous round of the world created its cake. The advantages of the old world mainly came from existing assets: land, capital, connections, identity, licenses, organizational positions, and the power to formulate rules gained from these assets. Because resources and points of entry were limited, and positions were hierarchical, newcomers naturally had to enter systems established by those who came before and accept the exist

Some say that exam-oriented education is the fairest path available to ordinary people in China. The core issue, however, is this: why is the path on which ordinary people can compete relatively fairly so narrow? When institutions, power, capital, connections, and vested interests occupy a large share of high-quality resources, ordinary people can only compete through the few remaining open channels, making exam-based competition seem particularly fair.
The imperial examination system in history was similar. The imperial examinations gradually developed during the Tang dynasty and became furth

The world will not exempt you from the effects of the rules simply because you do not know them. This is true of the law, business, human nature, and wealth. Ignorance is not an exemption clause; more often than not, it is the starting point of paying the price.

True emotional intelligence is not about being socially polished, ingratiating yourself with everyone, or knowing how to win the favor of the powerful. It is a natural sensitivity to the circumstances of others. At a gathering, such a person notices the one who is least visible; when a group is about to eat, they will say, “Let’s wait for the person who prepared all this food before we start”; when passing through a narrow passage, they let the elderly, children, and vulnerable go first; when someone has tried several times to speak but keeps being interrupted, they take the initiative to give

The less capable people are of handling uncertainty, the more they crave certainty; the more they crave certainty, the more likely they are to mistake “being willing to make promises” for “possessing the ability to deliver.” Yet in the real world, those truly willing to offer absolute certainty are often precisely the people least obliged to be accountable for its truth.

In the future, no one will control AI companies; ultimately, they will learn from Web3 and move toward decentralization. Every major AI version upgrade or amendment to its constitutional red lines will be like electing a president.

Conduct a brief survey: Have you ever, or do you currently, possessed abilities, experience, or advantages in a specific field that are significantly greater than those of ordinary people?

In ancient China, what was referred to as “taking revenge on society” was often not indiscriminate harm to society, but acting on Heaven’s behalf to uphold justice.

Some people say that someone “took revenge on society” again yesterday. In many cases, so-called “revenge on society” is precisely the result of institutionally shaped perceptions. A person falls into hardship but does not know why they have ended up where they are today, nor where the real causes, interests, and structures behind it lie. As a result, they cannot direct their anger at the causes of the problem and can only seek out someone weaker, closer, and easier to hurt as an outlet. In the end, the forces that truly affected their circumstances remain completely unscathed, while another o

The world of the past was defined by confrontations of military force, competing for land and resources; later, by confrontations of power, competing for rules and control; and later still, by confrontations in the media, competing for information, attention, and the power to shape narratives. Now, we are entering a new phase: the competition for AI context.

Lower-level people consume information and are consumed by information; higher-level people deconstruct information and decide how to use it.

Regardless of whether the CLARITY Act passes or the U.S. dollar’s interest rate is raised or lowered by a few points, these factors may theoretically create short-term narratives and price volatility, but for long-term decisions, what matters more is determining whether they have changed the asset’s underlying supply and demand, liquidity cycle, institutional direction, participant structure, and your own rationale for holding it.

Many people on X are overly concerned about the threats posed by AI, mistaking a technological upheaval for a transformation of the underlying laws. But the logic governing the world will not change because of it: human nature, unchanged for thousands of years; scarcity, which will always exist; interests and competition; cycles of prosperity and decline; and the fluctuations of greed and fear. Technology is merely constantly changing the tools and the game board—the underlying laws that truly determine outcomes have never changed.

The essence of entrepreneurship is: understand the boundaries of your capabilities, choose the right direction for creating value, narrow your range of choices, act quickly to validate, build repeatable leverage, continuously iterate based on feedback, and use a long-term approach to turn your advantages into a moat.

The path to wealth: sell your time → increase the value of each unit of time → productize and systematize your abilities → earn repeatable income → accumulate capital → let capital and systems generate compound returns → gradually detach income from your personal time → buy back your time with money → gain the freedom to control your time.
In other words, it is a transition between four identities: worker → system owner → capital owner → owner of your time.

What many second-generation wealthy people truly lack is not money, but the opportunity to complete a cycle of life on their own. From childhood, their resources are provided by their parents, their risks are borne by their parents, and their paths are arranged by their parents. They have the results, but lack the process of “choosing → acting → failing → correcting → achieving,” so they struggle to develop a sense of accomplishment and find it difficult to build a realistic understanding that matches their wealth. Wealth can be inherited, but understanding cannot; someone who has never experi