Let me talk about position allocation.

It seems that investing in a certain coin/stock with a full position can get huge returns in the bull market, but it is not advisable in the long-term investment career, and the behavior itself has blind spots.

If you expect to win pepe, doge, and tesla every time, I guess you won’t believe it and won’t be able to hold on.

The purpose of position allocation is to let you go further and live longer in this game.

The global optimal solution usually requires sacrificing local efficiency.