Morrisss

You are no longer afraid of losing anyone because you yourself are a complete world.

What life questions do you have that you can’t explain or deal with on your own?

The biggest contradiction with goals is that they are future directions set by your past self based on what you knew at the time, while the process of achieving them continually changes your abilities, understanding, and priorities. By the time you truly reach a goal, you have often already become a different person and may no longer desire the goal you originally pursued. Therefore, life should not be devoted solely to pursuing a fixed endpoint, but to building a system of continuous growth and iteration, allowing your goals to evolve as you change. What truly matters is not what you ultimate

What should be accumulated most during one’s younger years are assets capable of generating future cash flow: abilities (which determine the income ceiling), knowledge (which determines the direction of wealth), credit (which determines access to opportunities), systems (which determine whether one can escape trading time for money), and a certain amount of capital (which determines whether accumulated resources can be transformed into compound growth).

The biggest enemy in trading is not greed, but mistaking risk for opportunity when desire exceeds the boundaries of one’s understanding.

A subscriber asked me to analyze the discussion between “Chen Changwen and Luffy” on the “relationship between high-level cognition and wealth”: it actually involves issues such as cognition, wealth, ability, risk, time horizons, and the value of life. My analysis is that high-level cognition does not necessarily mean pursuing wealth; rather, it means possessing the ability to understand the world, identify opportunities, and create value. A person’s choice not to pursue wealth does not mean they lack the ability to make money; it may instead indicate that they have a higher-order hierarchy of

Chinese men have their biggest flaw: they like to walk off with other people’s lighters.

The world is full of uncertainty, and predicting the future is often unreliable. Fragile systems fear change, stable systems resist change, while antifragile systems become stronger through volatility, pressure, and failure. Individuals should reduce irreversible risks while increasing small-scale experimentation, exposing themselves to opportunities with limited losses and unlimited gains. Growth comes from uncertainty, not stable environments.

The human predicament essentially stems from a mismatch between our interpretive systems and the real world.

The eight psychological traits of retail investors:
1. When prices rise, greed takes over, and they fear missing out, so they chase the rally.
2. When prices fall, fear takes over, and they fear further losses, so they sell at a loss.
3. After selling, they regret it and wish they had waited longer.
4. After buying, they regret it and wish they had bought later.
5. They rush to take profits, but hold on stubbornly when facing losses.
6. They attribute profits to their ability, but losses to luck.
7. They trust only their own judgment and ignore the market’s feedback.
8. They are always looking

20 Books a Trader Truly Needs to Read. Not to learn how to trade, but to understand why the world works the way it does and how it may change in the future.
Part One: Understanding the Past—How the World Was Formed
1. The Rise and Fall of the Great Powers
It shows you how national power changes with economic, technological, and financial cycles.
2. A Global History
It helps you build a global historical framework and understand the long-term patterns of civilizational development.
3. Guns, Germs, and Steel
It shows you how geography, resources, and the environment influence competition between

Many people believe that the greatest blessing in life is having someone who will never leave and with whom you can share everything unconditionally, but the reality is that relationships like this are extremely rare. Most connections between people exist within a certain stage, a particular experience, or a shared state of being. People often grow close not because they will always be the same, but because, at a certain point in time, they happen to understand each other. That is why brief sincerity is all the more precious: it is not a promise of eternity, but the genuine encounter of two li

The underlying capabilities of many industries can be applied to romantic relationships. Use product thinking to view a partner: needs and compatibility; wealth thinking to view marriage: investment and compounding; investment thinking to view choices: long-term value; business thinking to view conflicts: shared interests; psychological thinking to view human nature: the motivations behind behavior. A high-quality relationship is essentially a long-term management system. But relationships between people have another variable: the experience of life and emotional connection. The truly advanced

People are easily swayed by all kinds of voices not because they are unintelligent, but because they lack a frame of reference for judging the world. True growth is not about collecting more information, but about understanding the patterns of history and seeing how the world has changed over the past century or more. Once you have witnessed enough cycles, you can use the past to measure the present and use patterns to assess the future. Independent thinking is not stubbornness, but having your own standards. A person’s stature depends on the depth of their understanding of the world; and the

A person’s true value does not come from becoming someone everyone likes, but from becoming an irreplaceable version of themselves. Pleasing others is essentially using other people’s coordinates to define oneself; creators, by contrast, all set out from their own coordinate systems to explore the unknown. The world is fascinating precisely because everyone has different perspectives, desires, and life trajectories.

The Eight Great Migrations of the Chinese People: From Fleeing War to Seeking Opportunities
1. The Yongjia Migration South (around AD 311): The Western Jin Dynasty fell, and aristocrats and ordinary people from the Central Plains migrated from Henan and Hebei to Jiangnan. Core reason: Prolonged wars in the north and the collapse of the regime destroyed the existing order of survival, making the south a new space for development.
2. The Migration of Northern People Southward at the End of the Tang Dynasty (after AD 755): After the An Lushan Rebellion, large numbers of people from the north migr

Why do we still subconsciously seek a frame of reference even when we know we shouldn’t compare? Because comparison is an ingrained pattern formed within the social order, and we use it to determine our own position. But true agency does not mean eliminating comparison; it means understanding that comparison can provide information, but cannot define our worth. Likewise, many people believe that accessing external information means breaking out of an information bubble, but if they are merely moving from one information circle into another, they are essentially just adopting a new frame of ref

In China, if you care about your privacy. In the future, you will definitely need an old-version iPhone that is not connected to any AI, and a home without any devices capable of capturing sound or images.

Some people who succeed through betting do so not simply because they are lucky, but because they possess the ability to identify opportunities, understand patterns, control risks, integrate resources, execute quickly, and continuously iterate. They do not change their fate with a single bet; instead, they continually improve their odds of success through long-term accumulation, putting themselves in a position where success is more likely. What is called luck is often simply the result of accumulated ability meeting an opportunity.