Investment Strategy & Risk Management - The importance of staying within one's circle of competence to avoid gambling, as highlighted by Charlie Munger and Warren Buffett [1] - Acknowledge success rather than attributing it solely to luck [1] - Reflecting on the losses incurred in the secondary market for contract trading after successes in primary market opportunities like $TRUMP, $WLFI, $XPL, and $PUMP, emphasizing the significance of operating within one's circle of competence [1] Crypto Market Analysis - The potential disappearance of on-chain financial management dividends in the future, leading to concerns about diminishing opportunities for later generations [1] - The current perception of cryptocurrency as mythical by outsiders, suggesting that the cognitive barriers to entry still exist and the crypto dividend is not yet exhausted [1] - Overcoming barriers such as KYC, multiple accounts, and on-chain funds is crucial to capitalize on crypto opportunities before widespread adoption eliminates the "crypto dividend" [1]
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Yuyue·2025-08-31 15:13