1. Old fans all know that I have mentioned two high-quality primary projects, one is a good platform, and the other is a good risk swap project.

2. The project itself is of high quality, but I couldn’t avoid my investment being halved, with losses reaching over 50% at one point. However, today it has come back and made a big profit.

3. When facing high-quality project investments, it requires firmness because often these projects have low valuations and little attention. Any slight disturbance can lead to huge losses. Therefore, we conduct an assessment every six months.

4. I also don’t know when the other project will take off. The recent updates on several products have been quite good for me, very user-friendly, and they have conducted a safe audit. The rest is left to time. Right now, it’s all about regular investments because its total supply is deflationary, and 15% of the project’s profits will be used to destroy this token.

5. TMF has been beaten down, but fortunately, the recent dividends have given me a bit of recovery. Holding a stock that can rise and pay dividends feels quite comfortable. Grasping the big cycle is really not difficult, it’s a vague correctness; but if you ask me for precise timing and price, I truly have no ability there. I can only say that I am willing to accept this price.

6. I continue to be optimistic about the monetary easing policy of the Chinese stock market next year. At this time, saying I am optimistic shouldn’t get me criticized, and I believe we will see results by June at the latest.

7. The biggest regret this year is not heavily investing in Xiaomi's calls. I was misled by some so-called value investment teachers. Making cars is not profitable, but it can improve the ecosystem; as long as the whole company is profitable, that’s enough.

8. Based on the last insight, I have a deep understanding of most people's lack of understanding of businesses. So many teachers have never run a business, and it’s indeed very difficult to do good investments because they lack a holistic perspective.

9. In the U.S., increasing tariffs, reducing taxes for companies, and driving out illegal immigrants are three main agendas. I’m curious how all three can be pursued simultaneously.

10. It's not even the Spring Festival yet, and the foot traffic on the streets of Shanghai has decreased by at least half... Where have all the people gone?