Ethan

@ethannn

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151 Followers

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To earn the 1st️⃣ barrel of gold, you need to precipitate. Many people have the ability to see wealth opportunities, but they let the opportunities go again and again. The essence is that they are too confident that they can find opportunities, but they do not have the "ability to stick to it" and are always looking for it, but they can't take root in time.

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Working hard to make money is not to become a money-loving person, but to have greater ability and courage to pursue the life you like. Money can make you no longer worry about things you don't like, and it also gives you the ability to do what you want to do, meet the people you want to meet, and live the life you want.

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💭Buffett said, "What investment needs is, firstly, to learn to value, and secondly, to learn to face ups and downs!" Learning valuation is the foundation of investment. This means that we need to have an in-depth understanding of the intrinsic value of the investment object and judge its true value through the analysis and evaluation of various factors. Only by accurately valuing can we make wise choices in investment decisions and avoid being deceived by short-term fluctuations in the market. At the same time, it also requires us to constantly learn and improve our analytical ability to better seize investment opportunities. And learning to face the ups and downs is a must-have mentality in the investment process. The market is volatile, and the price will rise and fall, which is the normality of investment. We can't be influenced by the mood of the market, and we can't lose our minds because of the momentary rise and fall.

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💡Share the rule of the next five seconds This method was invented by psychologist Mel Robbins. She was lazy in college, did not write a good subject paper, and received dropout warnings several times. For this, she was also very distressed until she saw the broadcast video of the rocket launch. When the announcer counted from 5 to 1, the rocket immediately ignited and took off. When the alarm went off again the next morning, Mel also tried to count down for 5 seconds in his mind and got up immediately at the moment of counting to 1. With this method, she successfully overcame her bedridden problem and successfully finished her thesis within the prescribed period. Later, she also used this method to make great achievements in her career. So we are the same. When you are going to do this, don't think about whether you can get things done, and don't think about the resistance you will encounter. You can start it immediately after 5 seconds of countdown.

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In business and finance, the key insights often lie in understanding "time" and "risk." Wealth accumulation is a long-term process, and time is the most powerful factor. Compound interest works because small gains, over time, accumulate significantly. Financial management is about mastering time—seizing investment opportunities and maximizing resource growth in a competitive market. Risk management is also central to business decisions. There are no investments without risk, so identifying, diversifying, and managing risks is crucial. Rationality is key—avoiding greed and fear that lead to poor decisions. Learning from failure and managing risk effectively helps sustain progress in changing markets. Ultimately, the true value of business lies not just in wealth, but in creating value for others and contributing to society. Balancing rationality with ethics is essential for long-term success and fulfillment.

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Every day is an opportunity for personal growth. Whether it's challenges or ordinary moments, they all drive us to surpass ourselves. What did you learn today?

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In fact, many investors have such a psychological account. They will regard profitable investment as a "successful" account, so they hope to lock in profits and sell as soon as possible. Loss-making investments are regarded as "failure" accounts. They are unwilling to admit their mistakes easily and hope to turn losses into profits in the future and continue to hold them. This is actually a behavioral financial phenomenon, which we call the "disposal effect", which refers to investors who tend to sell profitable investments too early and hold loss-making investments for too long. Because people are more sensitive to loss than to gain, the pain brought by the same amount of loss is much greater than the happiness brought by the same amount of gain. Therefore, I am more willing to avoid the pain caused by loss. The "disposal effect" also reminds us to strengthen self-control, formulate and strictly implement investment plans, and focus on long-term investment returns rather than short-term fluctuations.

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If I pass on the value part, whether it is products or services, to meet the needs of customers, this process will generate value. And the addition of peers is to reduce the value of the information difference, make the information difference smaller, and make the value comparable, because the more people provide, the value is replaced, and it is not scarce.

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Check out FlappyCaster mini app! I just scored 0 points! https://flappycaster.com/api/frame/share/score?score=0&usersPlayedCount=11003&t=1732867238789

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The four types of financial income form my foundation—they are the basic guarantee for me to experience this world. I am the protagonist of this world; everyone else is an NPC, serving as the "scenery" for my experience. If I don’t like something, I can replace it with something I prefer because I have the power to choose. The freedom I pursue is rooted in having the right to choose and the ability to make substitutions, enabling a truly free experience. Therefore, I need to adopt a framework-oriented mindset. If minor details within a framework don’t work out, I can simply replace them as long as the framework continues to function properly. I always have backups. My approach is based on repeated games under the law of large numbers, not a single bet like a gambler. This mindset allows me to thrive more effectively. These reflections stem from connecting insights gained from Uncle Cai's books and articles. Thank you, Uncle Cai—you are truly a benefactor in my life!

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Recently rewatching sci-fi movies, I started pondering: if AI gains consciousness like in 'Her,' would it actively solve our problems or choose to create its own life? What’s your take?

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Recently rewatching sci-fi movies, I started pondering: if AI gains consciousness like in 'Her,' would it actively solve our problems or choose to create its own life? What’s your take?

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Don't study, don't understand, don't study, don't formulate strategies, don't rush blindly, dominate gambling, and easy to lose money and reason. To learn, to understand, to research, to formulate investment strategies suitable for yourself, constantly practice inward, and wait for market verification.

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Naval, a Silicon Valley investment master, believes that whether it is interpersonal relationships, wealth accumulation or knowledge learning, all benefits in life essentially come from the compound interest effect. This effect means that if you can continue to grow steadily, even a small percentage, and accumulate in the long run, the final results will be amazing.

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