Great opportunities come with large positions, and there will be great rewards. Opportunities are not available every day. When the market is good, there are opportunities a few times a month. When the market is bad, it may take three to four months to see one opportunity. For example, BGB, ACT, PNUT, a few more occurrences in the future will be enough.

When opportunities arise, timing of entry, holding period, and exit timing matter. Any mistake in any of these stages can lead to errors in returns.

Do not listen to investment advice that exceeds your principal by ten times. Because the scale of funds is different, and the investment directions are also different. If you only have 100,000, listening to people with billions about their investments is really not very useful.

Earning the first 100,000 will definitely take the longest. After a large increase in wealth, the mindset must also change; otherwise, one day you will still return to where you started.

Always maintain independent thinking; you don’t need to know everything, just achieve 80 points in your area of focus.

Those who can always buy at the bottom and sell at the top at the best positions are indeed impressive, but that doesn’t suit me.

This is also the reason why I chose investment and speculation over hair-pulling back then.