In investing, we encounter countless ordinary failures that cost us money, yet looking back, they seem to offer little in terms of lessons learned.
However, failures within a "well-researched + heavy investment" framework are entirely different; each failure signifies a substantial reconstruction of knowledge and a completely new perspective on the project.
When I believe that "no one understands this project better than I do," I feel confident and heavily invest. To see an opportunity and not take a position is to waste it, and wasting opportunities is akin to killing the future.
But if the system for understanding an investment is rated at 100, and my vision has covered 30 of it, I might believe that "no one understands this project better than I do." Yet, it's only upon facing significant failure that one discovers major flaws in the system and substantial biases in information.
Essentially, over the years, I've been through this process, feeling confident at every stage. But in reality, understanding investment is a journey from 1 to 100. My system is much more complex than before, but now, if you ask me about my understanding of the market and projects, I feel less confident than before and more in awe of the omnipresent risks.
So much so that I now find comfort in mining FDUSDT on Binance...
The more I know, the more cautious I become.
Ultimately, to grow, one must continuously pay for their knowledge.
The most misleading aspect of investing is thinking you understand everything, that it's all "nothing special," yet never making significant money, while consoling yourself that at least you haven't lost money.
In reality, losing money is necessary; how you lose it and what you gain from it is what matters.
The benefits of having slightly more or less capital are clear:
Those with more capital can use 1% of their position to participate in high-risk opportunities that could yield 100 times the return, and that 1% is equivalent to the heavy investment of 99% of people.