If you are an old investor who has been up and down for a few years, you should at least have one BTC, 10 ETH, and several altcoins. When you become a big bull, you should have about 3 million RMB or 400,000 USD. Don't underestimate this money. Most people only make about 4 million to 6 million RMB in their lifetime. If you open a restaurant with an investment of 100,000 RMB, your rent is 6,500 RMB, and you hire one person, your daily turnover may be several hundred to one thousand RMB, which means you only make a profit of more than 100,000 RMB a year. If you open a supermarket with an investment of 200,000 RMB or a milk tea shop, your net profit in a year is only more than 100,000 RMB. In other words, your 3 million RMB is equivalent to what others do for 30 years. Of course, inflation is not calculated here. If you have this 3,000,000 RMB, you can get 60,000 RMB a year at the current fixed deposit interest rate of 2%. If you don't spend it recklessly, you can guarantee your basic life and do the happy things you want to do. If you are only 35 years old now, it means you have retired 30 years in advance. Don't underestimate yourself. Small wealth depends on hard work, big wealth depends on fate, opportunities, cycles, and talent.
Poor Charlie's Almanack says so. Munger mentioned two seemingly conflicting views on the realization of compound interest. On the one hand, he advises people to lower their expectations; on the other hand, he emphasizes the pursuit of excellence, because if Buffett removes the greatest few transactions, he will become extremely mediocre. Isn't this a bit contradictory?
To understand this, I would like to divide compound interest into two categories: Alpha (α) and Beta (β). Modern financial theory believes that investment returns can be composed of two parts: the first part is irrelevant to the market, called Alpha. The second part is related to the market, which is the average return of the entire market multiplied by the Beta coefficient. Beta can be called the systematic risk of this portfolio. For example, when you stand on an escalator going up, at this time: the speed of the escalator is Beta; if you start to move up, your speed is Alpha.
The extraordinary results of Alpha (α) are either due to extraordinary luck or extraordinary endowment plus extraordinary efforts. Those most powerful guys rely on all three of the above. #比特币减半 #CPI数据 #大盘走势 #新币挖矿 #非农数据 $BTC $ETH $BNB
