I rarely do short-term trading now, as it makes me restless.

Suppressing emotions too much is not good for mental health in the long run.

Investment and trading are mainly to temper one's own character and mind, among other things.

Read a book today - "The Psychology of Money"

Extracted some parts of personal interest.

Money and wealth are the realization of cognition.

🥰🥰🥰

1 Rather than pursuing high returns, I'd rather hope to be financially "unbreakable." If I can achieve this, I am confident of getting the maximum long-term returns, because I can persist long enough for the compound interest effect to fully play out.

2 Planning is important, but the most important part of any plan is preparing for the plan not working out.

3 A "barbell personality" is extremely important—one must remain optimistic about the future while staying highly alert to the various risks that could prevent you from reaching it.

4. George Soros once said: "It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." You can still amass great wealth even if you're wrong half the time.

5. The highest form of wealth is the ability to wake up every morning and say, "I can do whatever I want today."

The ability to decide what to do, when to do it, with whom, and for as long as you want—this is the greatest dividend that money can provide.

6. No one cares about how much money you have as much as you do. Humility, kindness, and empathy earn you far more respect than cars and extravagance.

7. When you face an expanding range of competitors, you need to ask yourself: "What makes me stand out?"

"There are too many smart people in the world. About 600 people get a perfect score on the SAT (Scholastic Assessment Test) each year, and another 7,000 miss a perfect score by just a few points. In this winner-takes-all, globally integrated world, these people are becoming your direct competitors. Competitive advantage is shifting towards more subtle, softer skills, such as communication, empathy, and adaptability. Having greater control over time and choice is becoming the most valuable 'new currency' in the world today. / Save money / Don't be too obsessed with being rational.

💫💫

There is nothing new under the sun.

Even in a bull market, maintain a sense of awe.

Asset allocation: Stable bonds for...

If starting a business in a bull market doesn't succeed, there's always money for delivering food. 💰hhh

The silent "Big Pancake" brother downstairs is doing better and better business.

Rational products are all the same; emotional products are the ones that possess character.

Cherish, record, and express your own emotions; exercise your emotional capacity.