Doing industry research or investment research reports itself is to build the ability to think about industries and projects.

What is speculation? When there are projects with the same business model in a track, which one is good and which one is not good? How to distinguish? This is the key to speculation

In the relative valuation method, comparison with the same data is only superficial. Understanding whether the data is important to the project is the key. In the past, I have even seen block height and mining difficulty as data comparisons.

Only by constantly sorting out can we establish a comprehensive understanding, and expand and bet based on the original understanding: Is it possible for this track and project to explode❓

For example, in July and August last year, I actually said on Twitter that the L1 infrastructure of this cycle should pay attention to TON (the original tweet will be extended after the block is unblocked), and recommended the community and a few friends in December Buy, there was no sound of TON on the market at that time

At that time, only three or four people bought it. I remember, as you can see in the attached picture, the one who was yelling happened to not buy it. When the price went up, he came again and asked if he could buy TON. This is the current situation of the market.

🔻Personally speaking, long-term investment research and creation is also a long-term process of market speculation, which can avoid stepping into some gorgeous pitfalls.

🔺From an institutional perspective, I think the ROI of the investment research group itself is not strong, so sometimes this type of investment research itself will account for a larger proportion of the pitfalls.

You see, now that TON is rising, aren’t there more market research reports🤣

📍At the same time, based on a classic theory of behavioral finance: beauty pageant theory

If we want to choose the winner in a beauty pageant, we have to choose not the contestant who you think is the most beautiful, but the contestant who you think other people may think is the most beautiful.

🗝️Continue to invest and research in the industry, and I am doing this myself. In addition to being optimistic about a certain target, there are some signs in it that make me think that more other people in the future market will also be optimistic about it.

It's that simple, above