1. When it comes to expectations, people often have either excessively high or excessively low expectations, making it difficult for anyone to achieve balance.
2. However, shattered expectations can cause significant harm, and the key landing point to avoid this harm is: focus on the present.
3. What does it mean to focus on the present? What does it mean for expectations to shatter? A girl with average looks spends a fortune on cosmetic surgery to find a good husband. Ten years ago, she might have looked like a stunning beauty, but today, it appears as a shattering of expectations. She now has a clearly artificial appearance, spent at least a million, emptied her pockets, and still has to spend tens of thousands each year on maintenance. The most critical point is that marrying her comes with genetic risks, and one must also observe what her parents look like. For such girls, they can only enjoy what they think is beauty.
4. The difficulty for the country over the past 25 years has been that it's hard to inject liquidity. If injected into the people, they don't spend; if into private enterprises, that's impossible; if into state-owned enterprises, it's expected but first, they need to renovate the office, then start a project to feed my relatives; if into local governments, it's just debt relief after debt relief.
5. For us, the challenge is accessing water. On one hand, everyone knows I've been trying hard to manufacture bowls this year, but unfortunately, it hasn't been very successful. Even in Shanghai, consumption has completely collapsed. The easiest place I can think of to access water now is - the stock market.
6. Last night, I added a bit of Alibaba stock. I saw Alibaba's overall strategic focus and its vigorous large-scale buyback, which has reduced the circulating shares by nearly 13%. Without certain confidence, one wouldn't dare to play like this. Additionally, Jack Ma has recently shown signs of a comeback. A legendary enterprise must have a legendary leader, which is personal branding. If Lei Jun doesn't come out to speak, Xiaomi's stock price can't soar. Similarly, Tesla's huge increase is also inseparable from Elon Musk's personal charm, and Jack Ma does not fall short in personal charisma compared to these two. Alibaba's transformation starts with Jack Ma.
7. Perhaps the country really needs Jack Ma.
8. This year and next year, a whole bunch of stock gods will not outperform the Shanghai Composite Index, so stay tuned. Doubling down on the index is the best choice for novice traders with fewer operations.
9. This year, cryptocurrencies and US stocks are likely to be a defensive year, with a stock-bond ratio of 5:5 being appropriate.
