Why did you come to #WEB3? Actually, I used to work in a securities research institute. My job was not very busy (except for the research season), and I basically worked from 9 to 5. I would be a little busy during the earnings season, staying up late to write reports. At other times, I was considered a white-collar worker in the eyes of others. I had a high salary, my parents were respected, I could talk a lot, and I knew everything. Recently, I heard that my brothers and sisters in public or private equity started to learn to play cards because of the boring A-shares (they are used to it); I was bored in the research institute, so I started to write about the consumption hotspots in my city, from quiet bars to must-visit design hotels, which can be regarded as a contribution to the country's internal consumption cycle. Apart from being idle, there is no hope.

At the same time, due to my own personality, I can't stand writing something against my will. In the past, we went to factories for research because I was majoring in material chemistry. Although the headquarters of listed companies are generally in urban areas, most of the factories are in county towns or towns. Good food and drink are indispensable. The whole process is a group of people, with all kinds of nice words; the factory visited is also prepared in advance and carefully decorated; one is messy, dirty and poor, and its original appearance. But most of the time, you can only see what others want you to see. At the end of the research, there is often a good banquet, and at the end, the red envelope link is basically the default rule.

At the same time, there will be a sentence, a few good words in the research report, and a rating of "buy". So when you look at the sell-side research reports issued by securities companies in China, there are basically no sell ratings, and the worst is neutral! The vast majority are "buy". In fact, I want to tell you, where do so many real buy ratings come from? If everyone buys, how can it fall? So we feel guilty or a sense of guilt when we do A-shares or serve A-share institutions, because the domestic financial game is essentially a zero-sum game. From top to bottom, there are some unreal elements. And those who truly master the real data win the world. So why can pension funds thrive and still have positive returns even in the 15-year crisis. I don't want to comment too much here. It is precisely because of this sense of guilt that every time I take a red envelope, I write some reports against my will, and say some words against my will during the roadshow. I am really fed up (the last time I saw Cao Shanshi

caolei1 Send a photo. There were only 4 people at the seller's roadshow this year, and the auditorium was empty). Because everyone will know the truth one day. So I chose to ALL IN to come to WEB3, against the wishes of my parents, against the eyes of my friends, against every family gathering, and against the embarrassing job description. But I feel free and harmonious in my heart, because we are not in a zero-sum game, and we are no longer harvesting our own Chinese. We participate in the positive-sum game of WEB3 and the global game. We may not be the smartest, but we only need to be a little smarter than 50% of the world's people, a little more diligent than them, and use more advanced tools. I believe that we can win the game and gain value. Pain and happiness, the market is vast, there is always a place to live, belonging to free and kind people! #WEB3