---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38800484.md"
description: "I. Gaokao (College Entrance Exam): There are absolute, objective scores, and people dare not deceive themselves.1. A certain score equals a certain rank, with no room for ambiguity.2. If you score 500 points, you can absolutely not claim to be top-tier.3. Mock exams, rankings, and admission cut-off lines repeatedly prove you wrong.4. You clearly know:- I work hard- My talent is average- This is my level→ People have an extremely sober assessment of their own abilities. II. Stock Trading: There is no immediate, objective, honest feedback.People are best at self-deception, and the stock market provides the perfect breeding ground for it:1. Profit = I'm skilled; Loss = The market is rigged / Bad luck.The brain automatically filters memories, keeping only the successes and deleting the failures.2. There is no unified "ranking."No one tells you:Your -20% annualized returns already put you in the bottom 10% of the market.You just think: I'm just temporarily underperforming.3. Short-term luck = Long-term ability.Get lucky and double your money once,and you immediately think you're a stock god,completely ignoring that it was probability.4. There is no "standard answer."The Gaokao has right and wrong answers; the stock market doesn't.Anyone can make up a theory to convince themselves. → In the stock market, people can forever refuse to admit they're not good enough. III. The Core Difference:Gaokao: Effort and results are strongly correlated; the path is clear.How much you study, how much you know, what score you get.Clear cause and effect; you can't fool yourself. Stock Market: Short-term effort and results are unrelated.- Staring at the screen intensely → Lose more money- Researching frantically → Step on a landmine- The smarter you are → The more confident → The harder you lose Short-term is luck; long-term is ability.But the vast majority of people only look at the short term. IV. Elevated to the Ultimate Truth:The Gaokao uses scores to tell you: Who you are.The stock market uses illusion to make you think: Who you are. - Gaokao: Objective → Humility- Stock Market: Subjective → Arrogance"
datetime: "2026-02-20T10:53:55.000Z"
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author: "[浩浩荡荡](https://longbridge.com/en/profiles/19784218.md)"
---

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# I. Gaokao (College Entrance Exam): There are absol…