Author of this article: Bit Pig
Disclaimer: This article only represents personal thoughts and does not constitute investment advice.
0x01 Thoughts on the track
If my IQ is 100 and the IQ of outstanding students from top universities is 150, then after we learn the same knowledge and spend 60 minutes together to take a test with a full score of 100, he should be able to beat me easily.
But if we study the same knowledge together for 10,000 minutes, he takes the test with a full score of 100 and I take the test with a full score of 10,000, then can I easily beat the outstanding talents with IQ far higher than mine at the same time?
Today, based on facts, I will share with you how to surpass people who are better than you in terms of "making money".
0x02 My comparison with excellent funds
I looked at the top ten stock funds in terms of returns in the past five years. The stock fund with the highest return in the past five years is Golden Eagle Information, with a return of 262.32%.
Then I checked the best return rankings of stock fund managers based on their cumulative working time. The highest one had been in the industry for more than 8 years and the best return was 426.5%.
I added up the returns of the top ten stock funds in the past five years, and the total return of the 10 stock funds in the past five years was 1992.21%. I also added up the best career returns of the top ten stock fund managers, and the total return of the top ten stock fund managers was 2917.33%.
Then I calculated the total profit and loss of the cryptocurrencies I held in the past five years, the sum of the loss-making cryptocurrencies + the highly profitable cryptocurrencies, and I got an approximate return of 62 times (some of the invested cryptocurrencies are too old to be calculated, so I calculated this number based on the most conservative rate of return), and then I got an astonishing result. These excellent funds and fund managers combined are not as good as me??? The most terrifying thing is that I only counted the top ten, and the top twenty combined may not have as high returns as me.
0x03 The top ten funds combined all lost to me?
In terms of performance, it seems that the top 10 funds and fund managers have been beaten by me, but if you think about it carefully, the investment operation methods and strategies may be different when the amount of funds under management is different. According to this logic, if the amount of funds I manage is the same as theirs, I may not be able to beat them.
But apart from the dimension of capital volume, I am more inclined to think that I chose a broader track than them, so even if they put together, they can't beat me. In chapter 0x01, I elaborated on a thought: when the test time is 10,000 minutes, I take a test paper with a full score of 10,000 points, and 10 other people with IQs twice as high as mine take a test paper with a full score of 100 points, then even if my IQ is ordinary, I can easily beat them.
It is well known that both fund managers and fund product team members are top-notch talents in terms of academic qualifications. My investment level is not as good as those of the strongest bigwigs in the cryptocurrency circle, but my performance can beat the top ten domestic stock funds and stock fund managers. If I were to replace a stronger cryptocurrency investor, the result would definitely be even more outrageous.
0x04 Summary
Different tracks have different resistances. A good track will give you a wide space, while a bad track is like a bunch of people crossing a single-plank bridge, which will not benefit you much even if you roll it up like a doughnut.
If you are an ordinary person with mediocre qualifications like me, I suggest you choose a better track to overtake others and surpass those who are better than you.
