Wealth depends on very few big climaxes. Placing big bets at key links can make you make more money than your opponents when you have the same or less principal.

There are two key points here:

1. Find places where there are many fish.

Find areas with basic probability advantages.

2. Bet more where there are many fish.

"I learned a lot from Soros, but perhaps the most important thing is not whether you are right or wrong, but how much you make when you are right and how much you lose when you are wrong." Fund manager Druckenmiller said.

In fact, the idea and trader who made 1 billion by sniping the pound were all Druckenmiller. So what did Soros do?

In his speech, Druckenmiller said that about 90% of the transactions made by Soros at that time were his ideas, but Soros was "more courageous" than him.

In the legendary story of "Soros vs. the Bank of England", Druckenmiller's $1.5 billion bet was about to expire and he was considering further increasing position provisions and even suggested betting all the money.

However, Soros thought this was "too ridiculous":

"Do you know how often this happens?"

"It doesn't make sense to be confident but only invest a small position." Soros said.

In the end, they added leverage, bet $10 billion, and won a big victory.

Soros's strategy is: "Focus on the key points."

In his letter to shareholders in 2010, Buffett wrote: "Good opportunities don't come often. When pie falls from the sky, please catch it with a bucket, not a thimble."

I jokingly call Soros and Buffett "Sofitel": They are both deadly attacking animals that wait for an opportunity and bite and don't let go.

"When you are confident in a transaction, you must give the other party a fatal blow."

————"The Lonely Brain"