ICan_tUnderstandSol

Nearly a century of gains in U.S. stocks, driven by 94 days?
In the market, the periods that truly determine long-term returns
may be far fewer than we imagine.
Data from nearly the past century, from 1928 to August 12, 2026,
shows that the S&P 500 and its predecessor indexes experienced a total of 25,853 trading days.
If the 94 best-performing days are excluded, the index’s cumulative price return would turn negative.
And these 94 days accounted for just 0.36% of all trading days.
Another Vanguard study shows that $100k invested in the S&P 500 in 1988 could have grown to approximately $4.9 mi

A Chinese-style case!!
A fraudster was sentenced to 7 years in prison, and 500k yuan in his personal accounts mysteriously disappeared during his imprisonment, with some of the money even transferred to a police officer.
I saw a bizarre case today: A man from Ruian, Zhejiang, was taken away by police officers from a city in North China for allegedly committing campus-loan fraud with his brother-in-law, and was later sentenced to 7 years in prison. During his imprisonment, the 470k yuan in his Alipay account and a total of 500k yuan in his bank cards were transferred multiple times to more than

100 Banking basics that are useful for saving, withdrawing, and managing money.
1. Deposit insurance covers up to 500,000 yuan. At the same bank, if you deposit no more than 500,000 yuan and the bank fails, the state will compensate you. The portion exceeding 500,000 yuan is not guaranteed.
2. Large-denomination certificates of deposit offer higher interest than ordinary time deposits. The minimum deposit is generally 200,000 yuan, but the interest is considerably higher.
3. If you withdraw a time deposit early, the interest is calculated at the demand deposit rate. If you deposit for three ye

For children from ordinary families, the only main task in the first half of life is to build up their own survival capital.
Do not waste your energy too early on love, pride, emotions, and ineffective socializing.
For children from ordinary families, the most important thing is to see the main path of their lives as soon as possible.
You need to understand that the most important things in the first half of your life are not having a passionate romance, making everyone respect you, maintaining a seemingly respectable lifestyle, or wasting large amounts of time and energy on emotions and ineff

Afraid of missing out?
A friend asked me: If U.S. stocks perform well in the future, what if I miss out by not buying during the current mild pullback?
Afraid of falling when holding positions, afraid of rising when holding none—it's human nature.
The solution is not to argue whether U.S. stocks will fall.
The trend is uncertain, so you must first accept the possibility of missing out.
What is risk?
Even if you make the right choice, you may still not get the expected result. The market is not a multiple-choice question; it is based on probabilities. If the four scenarios have probabilities of

Making Money Is Essentially a Money Game
01
Have you ever had one of those frustrating moments, guys?
You get up early and stay up late every day, squeeze onto the subway, work through the night, get cursed out by your boss, get chewed out by clients, and after a whole month, once you’ve paid the rent and deducted the costs of food and daily necessities, your pockets are even cleaner than your face.
You scrimp and save, unwilling to buy even a cup of milk tea, but when you look at housing prices, you still feel you couldn’t afford a home even in your next life.
But on the other hand, some peop

Sorry, I added a bit to my position.
24 drawdowns in 30 years—what does the data say you should do when it drops 10%?
From June 6, 1996, to October 16, 2026, the Nasdaq 100 had 7,819 trading days, with a total of 24 periods in which the drawdown exceeded 10%.
On average, one occurred every 15 months.
Of these 24 instances, 18 did not fall as far as 20%, accounting for three-quarters.
If you set a rule to wait for a 20% drop before entering, three-quarters of the opportunities would pass you by, because they rebounded halfway through.
How fast were the rebounds?
In 22 of the 24 instances, it to

The 100 golden rules for making money summed up by 10 billionaires—every sentence is based on experience.
I. Jack Ma
1. Today is cruel, tomorrow is even crueler, but the day after tomorrow is beautiful. However, the vast majority of people die tomorrow night. Where you fall, dawn is only one night away.
2. You should still have dreams—what if they come true?
3. Being deceived is not because others are too cunning, but because you are too greedy.
4. Others can copy my model, but they cannot copy my hardships.
5. I have never touched money, and I have no interest in it. When money is not the goa

The Most Down-to-Earth Guide for Ordinary People to Go from 0 to $10 Million!!
Make $10 million from nothing within 10 years, with practical steps, specifically for ordinary people.
1. The initial capital accumulation stage
(1) Do not start a business, do not take out loans, do not invest in any capital-intensive projects, do not take on debt, and buy comprehensive medical insurance for your parents so that you have no worries.
(2) Choose one of the following: food delivery / courier / security guard / cleaner / waiter / factory worker, ensuring basic living expenses while making sure the work

Two Conditions for a National Bull Market
In global capital markets, the U.S. stock and real estate markets are among the few national-level bull markets.
They are called national-level bull markets because a large part of the trends in U.S. financial markets has been driven by national policy,
and an in-depth analysis of their characteristics may offer us some insights into the conditions under which our own national-level bull market might emerge.
The 2008 subprime crisis was a shock that marked the shift of the Kondratieff wave from prosperity to recession. During the crisis, U.S. stocks fe

Studying Li Lu’s speech at Columbia
The six basic principles of value investing:
1. Buying stocks means buying companies.
2. The market is there to serve you, not to guide you.
3. Margin of safety.
4. Circle of competence.
5. Fish where the fish are.
6. The essence of wealth is one’s share of global purchasing power.
In fact, the first five of these six basic principles should be familiar to anyone who has read about Buffett and Munger. From Graham to Buffett and Munger, and then to Li Lu, these are the principles repeatedly emphasized when discussing value investing. In other words, these six

Buffett's Advice to Young People
Advice for those who are lost: watch this repeatedly
Excerpt from the 13th Q&A of the afternoon session of the 1998 Berkshire Hathaway shareholders meeting
Shareholder asked:
Would you give us young people some advice? How can we prepare ourselves to be as successful as you are in the future?
Buffett:
If you are interested in business, I think you should learn all about accounting in your 20s. Accounting is the language of business.
That does not mean it is a perfect language, so you must understand its limitations, as well as all its aspects.
I recommend worki

I have always advocated buying social security for retirement domestically, but dollar-cost averaging into the S&P 500 is better.
This assumes medical insurance is considered separately.
This only discusses pensions.
The biggest illusion about social security pensions is that many people think the string of numbers in their account is “their own money.”
It isn’t.
It is not an asset under your name; it is a pay-as-you-go system.
Every penny you contribute each month is paid out that same month to current retirees.
The pooled account accumulates almost nothing on your behalf.
Whe