看不懂的sol哥

2026机会多多

3Following

2.5kfollowers

Feed

Livestream

Feed

How to use AI to self-learn everything?? I write about US stocks, so I regularly read financial reports and monitor macroeconomics. When I encounter completely unfamiliar new industries, I have to start from scratch. These used to be the most time-consuming tasks—searching through materials, asking people—and half a day would be gone in one round. In the past year or so, after using AI Agents, the first thing that changed was the way I learn. 1. Interest and motivation are the foundation of everything I can’t say if this applies universally, but at least for me, spontaneous curiosity and self-drive help me persist longer. Or rather, I can’t even use the word "persist" because I naturally enjoy the process without any willpower; I simply want to learn. If I’m pushed by external forces, like exams or work, I quickly give up once the deadline passes, and even during the process, I can only barely meet the average, adopting a mindset of just getting by. Of course, having interest and self-drive doesn’t guarantee everything will be smooth, nor does it mean you’ll be instantly brilliant. Things that are hard to learn are naturally slow to grasp, but taking it slow actually leads to faster progress. 2. Establish a positive feedback environment Positive feedback keeps your interest and motivation alive; constant small rewards provide emotional value. This is where AI can help because AI feedback is extremely fast. For example, if I want to explore some knowledge, it might be related to tech or business—fields I never trained in at school. But AI has. I can repeatedly say: this is too difficult, I don’t understand, I want examples, diagrams, simple explanations starting from the very basics. AI is perfect for this. In real life, it’s hard to get someone to repeat the same thing over and over, but with AI, we have no such concerns. When I don’t understand something, without AI, I’d have to wait for an expert to explain or search slowly myself. This kind of ultra-fast positive feedback only AI can provide. And when I ask it to quiz me or explain in my own words, I can clearly see what I don’t understand and what I grasp well. AI also gives me plenty of encouragement and positive feedback. This learning loop is thus established. 3. So how exactly to use AI? Below I break down specific methods from simple to advanced. Simple version: one chat window is enough Free chatbots are already powerful enough; just tweak your prompts a bit to get great results. Suppose I know nothing about a field or concept, like "What is an Agent? What is it used for? Why is everyone using it? What can I do with it?" These are natural questions when first encountering a new concept. First, I usually break it down by "why - what - how." Second, ask one question at a time, not several at once. For example, start with "Why is Agent so popular?" The answer is simple and easy to understand, showing some interesting phenomena, then leading to what it actually is. Third, tell AI your personal background. Free chatbots don’t know how much you understand about the field, so their explanations won’t be personalized or consider your background. So you must clarify in the prompt: I know nothing, please explain simply, etc. Fourth, you can also ask AI to quiz you using the Feynman learning method: based on what was just explained, give a few questions for you to explain in your own words. Advanced version: first get a map, then feed materials to AI After passing the simple stage, if I want to learn more deeply and systematically, I first ask AI to draw a "knowledge tree" of the field: what is the main trunk, what branches are there, and which branch does the thing I want to learn grow on. If the field is so unfamiliar that even the tree can’t be built, I ask it to start from history. When something is newly born, it’s always simple; following its step-by-step complexity development makes the current state easier to understand. With the map, I let AI find high-quality books or videos to explore. During learning, I feed these materials to it so it has full context, allowing me to ask questions anytime and get answers anytime. Deep version: build your own learning system I intensively connect Agent tools with Obsidian (a personal note-taking software). I have a markdown file describing my personal background and a Tutor SOP file that states my preferred teaching methods. Whenever I ask it to explain something, AI reads these files, supplements context, and teaches me in my favorite way. The rules in this SOP were added after many times of "can’t continue learning." A few highlights: first, keep me motivated, keep me going, increase curiosity. One lesson covers at most two concepts. The third concept is left for the next lesson, ending while curiosity is still rising. Also basics like using more examples and diagrams. When I’m interested and want to dive deeper, I also have it read the Feynman learning skill to quiz me. I also use Matt Pocock’s teach skill, letting it create web lessons by writing HTML code. I customize more interactions, after-class exercises, and readings. It breaks a topic into several lessons, forming a small set of about 4–5 lessons, and finishing a whole set feels very rewarding. I once encountered a paper about AI that I almost couldn’t understand myself, but magically AI kept encouraging me, saying I could do it. I happened to see a part explaining how to break Out-of-Distribution things into In-Distribution things. I thought, this is exactly now—I let AI break down something completely outside my knowledge distribution step by step into something I can understand within my distribution. After more than ten rounds of breakdown, honestly, I’m starting to forget what the paper was about, but I still remember the methodology of breaking down unknown knowledge and internalizing it step by step. To summarize: the core is simple—you need to like it, have interest, use AI tools, ask when you don’t understand, and keep receiving positive feedback. Naturally, we can learn anything! A prompt you can copy directly: I am [your background, e.g., completely new to programming], and want to understand [concept]. Please explain in the following order, one step at a time, stopping after each step for my reply: 1. Why: Why is it so popular recently, what problem does it solve? 2. What: Explain with a real-life example, no jargon or formulas 3. How to use: What can someone like me do with it? If I say "I don’t understand," please give another example, not just rephrase. After these three steps, give me 2 questions to answer in my own words and point out where I misunderstood.

If you are still in a low point in life, I strongly recommend watching these 3 movies, true classics! Truly legendary movies never just tell other people's stories; they also reflect our own lives. Some movies leave only a moment of excitement after watching; others stay in your heart for many years. When young, we watch for the plot; after experiencing life, we realize the screen hides the very issues each of us must face: whether in investment or life, how to hold on to hope when trapped in difficulties? How to protect what you love when suffering hardship? When standing at a crossroads in life, how do you choose your own path? If I could only watch three movies in my life, I would choose the following three. 1. "The Shawshank Redemption": Don’t let adversity decide your ending Banker Andy Dufresne was wrongfully imprisoned and sentenced to life. The most terrifying part of prison is not just losing freedom, but gradually eroding a person's will. Old Brooks lived in prison for most of his life. After release, he couldn’t adapt to the outside world and ultimately chose to end his life. This is what Red called “institutionalization”: initially hating the walls, then getting used to them, and finally realizing you can’t live without them. There are many invisible walls in life. A job you dislike but dare not quit, a draining relationship you can’t bring yourself to end—these can slowly rob you of the courage to change. But Andy never accepted his fate. He helped fellow inmates learn, persistently wrote letters to the state legislature, and built a library for the prison. Meanwhile, he used a small hammer to dig through the prison wall for nearly twenty years. Without applause or visible hope, he just moved a little closer to the exit every day. Later, Andy crawled through a sewage pipe and finally stood in the rain, free again. His freedom was not due to sudden luck, but the result of relentless action over many years. True hope is not sitting in darkness waiting for light, but knowing the exit is far away and still digging a little every day. 2. "Life is Beautiful": In suffering, still hold on to the power of love Guido and his wife Dora lived an ordinary happy life. When war came, Guido and his son Joshua were sent to a concentration camp. To be with her husband and child, Dora voluntarily boarded another train. In the camp, Guido couldn’t change the cruel reality but refused to let fear destroy his son’s childhood prematurely. He told Joshua they were playing a game. If he didn’t cry, cause trouble, and avoided the soldiers, and scored a thousand points, he would win a real tank. The child believed his father. Guido endured hard labor while pretending to be cheerful. He wasn’t unaware of the danger but understood that his expression would shape how his son understood the world. At the film’s end, Guido was taken away by soldiers. Passing by the iron box where his son hid, he exaggerated his steps, pretending the game was still on. That was the last time the child saw his father. Guido didn’t create a miracle but used his life to shield his child from some darkness. True love is not the promise “I will never let you suffer.” No one can keep such a promise. The true value of love lies in that when suffering is unavoidable, someone stands by your side so you don’t face it alone. Love may not change the harsh reality but can determine what suffering leaves in a person’s heart. 3. "The Truman Show": Don’t live in a script written by others Truman lived in a beautiful seaside town. He had a stable job, a gentle wife, and enthusiastic friends; life seemed almost perfect. But he didn’t know the entire town was a film set, everyone around him was an actor, and his life was a reality show broadcast for decades. To stop Truman from leaving, the producers faked his father’s “death at sea,” making him fear traveling from a young age. The most effective way to control someone isn’t necessarily locking their body. If you make them believe the outside world is dangerous, they will willingly stay in the cage. In real life, we may also live in scripts designed by others. Family wants you to choose stability, so you give up what you truly love; people around you think you should marry at a certain age, so you doubt if your life is wrong. Until one day, Truman discovers from various cracks that everything he has might be fake. He decides to sail away but faces storms created by the producers. Even after being overturned by huge waves repeatedly, he refuses to turn back. The boat finally hits the wall at the end of the set painted with blue sky and white clouds. The director tries to persuade him to stay because the outside world is also full of deception, but at least here is safe enough. Truman still walks toward the exit. He doesn’t know what’s outside or if the new life will be better. But from the moment he opens that door, he is no longer a character in someone else’s camera but the master of his own life. Freedom is not always making the right choice but finally having the right to bear the consequences of your choices. In conclusion: Classic movies are worth watching repeatedly not because they solve our problems but because when we stand at life’s crossroads, they remind us: don’t accept defeat, don’t let suffering take away your ability to love, and don’t let others arrange your life. May you always keep the courage to break through walls, the tenderness to protect what you love, and the determination to open that door.

Duan Yongping: True value investing is very hard to lose money! These 4 criteria help you avoid 90% of investment traps Duan Yongping once said something very bold: true value investing is very hard to lose money. Note, he didn’t say making money is hard, but losing money is hard. A person who has been investing for decades dares to say this not because of luck, but because he has thoroughly thought through one thing: staying away from speculation. Almost every loss you suffer in the market is not from investing, but from speculating—you just don’t realize it. First, be clear about whose money you are making. Duan Yongping said very directly: investing earns the company’s money and has nothing to do with others. When the company grows, makes money, and pays dividends, you get returns along with it—that’s investing. But think about yourself: before buying, did you research the company’s business or the market trend? The company’s value or others’ opinions? Today you see a blogger saying it’s promising and rush in; tomorrow someone in a group chat says it will fall, and you panic and exit. You think you’re investing, but in Duan Yongping’s eyes, every penny you earn depends on someone else buying at a higher price. That’s not investing; that’s guessing others’ minds. Remember this: investors study companies, speculators study human psychology. Second, look at your trading frequency. Duan Yongping said investors hold long-term like a mountain, speculators trade frequently. Buffett held Coca-Cola for over thirty years; Duan Yongping held NetEase for over a decade, not blinking despite many drops. Look at yourself: whenever the market stirs, your hands itch; three days without trading feels like missing the whole world. Simply put, frequent trading means you don’t really know what you bought or its value, so you panic when it drops and want to run when it rises. Duan Yongping has a harsh saying: frequent trading means you lack confidence in your own judgment. If you truly understand a company, you choose it like a spouse—why change every day? Poor people chase rises and cut losses; rich people hold like a mountain. Third, and the toughest: never short sell, never borrow money. Duan Yongping said short selling and leveraging without exception are speculation. No matter how confident or correct your analysis is, don’t touch these two. Why? Because borrowed money has a deadline, but market craziness has no deadline. You may be right about the direction, but if you can’t outlast time, a big fluctuation will force you out early. Duan Yongping calls this money outside your circle of competence. He said don’t touch what you don’t understand, don’t earn money you’re not confident about. This sounds conservative but is actually life-saving. Think about those who leverage: when right, they double; when wrong, they go to zero. Ten times doubling and one zeroing means total loss once. True investing is about always staying at the table, not betting once and leaving. Fourth, the most hidden one: if your mindset needs managing, you are speculating. Duan Yongping said investing doesn’t require managing mindset; only speculation does. What does this mean? If you buy a company you truly understand at a price far below value, will you panic if it drops? No, you’ll be happy because the same thing is discounted and you can buy more. But if you feel uneasy when buying, can’t sleep at night, constantly watch the market, feel ecstatic when it rises and sleepless when it falls, what does that mean? It means you have no confidence; you didn’t buy a company, you’re gambling on luck for the next round. Mindset is your authenticity test: real gold fears no fire, fake money shows up immediately. Putting these four together, they actually say one thing: the anchor of investing is the company; the anchor of speculation is others. If you focus on the company, time is your friend; if you focus on others, emotions are your enemy. Why is true value investing very hard to lose money? Because you buy companies you understand at prices far below value. No borrowing, no shorting, no frequent moves—you’ve closed the door to losing money yourself. Go through every trade you have now with these four criteria. If you hit any one of them, don’t fool yourself—that’s not investing, that’s speculating. Those who see this clearly before losing money have already beaten most people in the market.

How can you achieve a long-term annualized return of 15%? Prerequisites: 1. Long-term means no less than 10 years. 2. The target company's price-to-earnings ratio (PE) will revert to a reasonable PE of 25 over the long term. 3. You are within your circle of competence and can select companies with a net profit annualized growth rate between 0-15% over the next 10 years. 4. You do not have the ability to select companies with a long-term annualized return higher than 12%. Plug these prerequisites into the formula to calculate. g is the net profit long-term annualized growth rate, r is the long-term annualized return, and PE is the purchase PE under the corresponding g to achieve r. With the data laid out in the table, the conclusion is clear. For companies with 0-15% growth, as long as PE ≥ 16 times when buying in, it is impossible to achieve a 15% annualized return. Those who can truly achieve a 20% annualized return are only companies with extremely high growth (>20%) and very low PE at purchase, moderate growth companies, or both. High PE combined with moderate growth is a long-term return trap. All of the above can be condensed into one sentence: buy companies with a net profit annualized growth rate not less than X% over the next 10 years at a PE not exceeding X times. This sentence is the guiding principle and methodology for achieving a 15% annualized return over the long term. To put this into practice, you must first understand the two hidden prerequisites behind it. 1. The company you want to buy is within your circle of competence. 2. X cannot exceed 15. The first is easy to understand. If you don’t understand the company, any PE you buy at is likely wrong. Why can’t X exceed 15? Because companies with a net profit annualized growth rate not less than 15% for 10 consecutive years account for no more than 5% of all listed companies. If you think you can continuously select companies with a net profit annualized growth rate exceeding 15% over the next 10 years, this is extremely difficult, a low-probability event, which greatly increases investment risk and may result in significant losses. Smart investors often underestimate their stock-picking ability. Buffett basically does not buy companies with a PE exceeding 15 because he also has an implicit assumption when selecting companies that, in the long run, he cannot consistently select companies with a net profit annualized growth rate exceeding 15% over the next 10 years. Acknowledging this implicit assumption is important; once accepted, you will set your strategy accordingly, making it easier to achieve a decent long-term annualized return. Speaking for myself, even for the top-tier companies, I only dare to assign a maximum net profit annualized growth rate of 10% for the next 10 years. Therefore, for the top-tier companies, the highest purchase PE I allow is 10 times. The same applies to Moutai, Tencent, and Apple. Why can Buffett buy his favored companies at a PE of 13-14 times, but I only dare to buy my favored companies at 12 times PE? Because I recognize that my stock-picking ability is not as good as Buffett’s, so I require a lower PE to leave more margin of safety. Back to the initial question: how to achieve a 15% long-term annualized return? Within your circle of competence, if you believe a company can achieve a net profit annualized growth rate of 15% over the next 10 years, buy when the target company’s PE ≤ 12. Within your circle of competence, if you believe a company can achieve a net profit annualized growth rate of 12% over the next 10 years, buy when the target company’s PE ≤ 12. Within your circle of competence, if you believe a company can achieve a net profit annualized growth rate of 10% over the next 10 years, buy when the target company’s PE ≤ 10. Within your circle of competence, if you believe a company can achieve a net profit annualized growth rate of 7% over the next 10 years, buy when the target company’s PE ≤ 7. Condensed into one sentence: buy companies with a net profit annualized growth rate not less than X% over the next 10 years at a PE not exceeding X times. By continuing to do this, you are very likely to achieve a 20% long-term annualized return (I can’t guarantee it; patience and luck also matter).

5 Laws That Will Change Your Life (Recommended to Save) The Talmud says: There are two things in the world that others cannot take away—wisdom hidden in the brain and the mindset buried deep in the heart. Understand these 5 fundamental laws to avoid ten years of detours. 1. The 80/20 Law American physicist Joseph Ford once said: God and humans play dice, but these dice are rigged; no matter how they are played, they must conform to the 80/20 law. 20% of people hold 80% of the wealth; 20% of brands occupy 80% of the market; 20% of customers bring 80% of the profits. 20% of core knowledge determines 80% of the final results. Warren Buffett said: Distinguishing what is important from what is not is the most important lesson in life. People should not exert effort evenly or waste themselves on trivial matters. Learn to focus on the main contradiction, continuously leap from the 80% mediocre base into the 20% core track—this is the essence of how ordinary people achieve life breakthroughs. 2. The Crab Law Crabs placed in a basket cannot escape even without a lid because when one tries to climb out, the others will pull it down with all their might. This reflects human nature’s jealousy and internal friction: some people don’t want to improve themselves and can’t stand to see others get better. The "Vegetable Root Discourse" says: Those who lie low for long will surely soar high; those who start early will wither early. Beggars never envy millionaires, only beggars who earn more than themselves. You must actively purify your circle. Ten sparrows can’t compare to one eagle. Walk with tigers and wolves, and you will be a fierce beast; keep company with sheep, and you will slowly lose your edge. 3. The Law of Entropy Increase Entropy represents the degree of chaos and disorder within a system. The more chaotic a system is, the higher its entropy. Anything left unattended will spontaneously decline into disorder and decay. Long-distance couples who don’t meet often will grow apart; a room left uncleaned will get messier; without exercise, the body deteriorates. Schrödinger wrote in "What is Life?": Life feeds on negative entropy. The only way to fight entropy increase is to continuously invest external energy and actively do work. Long-distance couples must meet often; rooms must be cleaned regularly; bodies must be exercised frequently. If you want to make money, you must keep trial and error, read, reflect, iterate, and regularly kill your current self. 4. The Bamboo Law Bamboo grows only 3 centimeters in 4 years, but starting from the 5th year, it can shoot up 15 meters in just over a month. Without those first 4 years, would bamboo grow so fast? This is a typical example of compound interest thinking. But the biggest human weakness is impatience. Skipping two meals and wanting to lose weight, learning English for 21 days and expecting high scores, reading for a month and expecting success. Even watching videos, people want to fast-forward. Actually, not only people are impatient, even God is impatient. The Bible says God created all humanity in just 6 days. But there’s no way around it—making money goes against human nature; whoever has patience will succeed. Patience is the rarest ability a person can have. Even if you improve 1% every day, after a year you will be 37.78 times better than now. But if you regress 1% every day, after a year you will decline to 0.026, almost zero. The best time to plant a tree was ten years ago; the next best time is now. It’s never too late to change. 5. The Crow Law The crow is unhappy all day and wants to leave the forest for a new environment. The magpie asks why, and it says everyone dislikes its harsh cawing. The magpie says, if you don’t change your voice, you will annoy people everywhere. People who only complain about others and the environment will never achieve great success. Wang Yangming said: When things don’t go well, look inward. The problem is never the environment but oneself. A truly mature person faces difficulties by introspection and self-correction, not by running away. Seek externally and fail; seek internally and thrive endlessly. In Conclusion Everything follows laws. The strong follow the laws; the weak are driven by instincts. Understanding laws is not to see through others but to improve oneself.

Li Xiaolai "The Road to Financial Freedom": 52 Core Concepts Plus Practical Operations (Full Version) Brothers, do you really understand what "financial freedom" means? 1. The key mindset: Recognize the goal; the journey's goal is not wealth, but freedom. Wealth is just a tool; freedom of time is our ultimate goal. Do not lose sight of the essence and go in the wrong direction. 2. Three key tips: Tip 1: Always choose growth over success; growth is the direction, success is just a milestone; Tip 2: When facing value and valuation, maintain the value baseline; do not let valuation excessively exceed actual value; Tip 3: The hardest point—when encountering any difficulty, always maintain patience. Patience is more important than anything else. Without patience, all prior preparations will be wasted. Concept 01: Attention What is your most precious wealth? Golden phrase: Three invisible traps in life: "Joining in the fun for no reason," "Rushing along with the crowd," "Worrying excessively about others." Practical operation: You must focus your most precious attention on your own growth. Concept 02: Paying Paying is picking up a bargain Golden phrases: 1. Value order: Attention > Time > Money. 2. Your most precious wealth is your attention. 3. Trivial matters also serve to relax and restore energy; not all chores need to be outsourced. Practical operation: 1. Turn off useless phone notifications. 2. Dare to let yourself rest. 3. In interpersonal relationships, sincere attention is more important than material things. Concept 03: Life's Shackles What is the heaviest shackle in your life? Golden phrase: Giving up some security is necessary to progress. Practical operation: 1. Actively close the all-encompassing information perspective; you don't need to know every piece of news. 2. Outsource part of your attention. Partner with trustworthy people, find reliable ones to share burdens. Focus your mind on important long-term matters. Concept 04: Foundation of Life "Living in the present" vs "Living for the future" Golden phrase: Only looking at the present leads to stagnation; think long-term with your mind, but work steadily in the present. Practical operation: Make reliable predictions for the future, identify the direction and act, review often to train your long-term vision. Concept 05: Benefactors Scientific methods to meet benefactors Golden phrases: 1. Be a benefactor first to meet benefactors: help from benefactors is not luck but attracted by your own value. 2. Benefactors value potential: willingness to help means seeing future possibilities in you. 3. Asking for help is a transaction, not begging; returns are not limited to money. 4. One benefactor alone is less powerful than many benefactors: doing the right thing gains more support. 5. People living in the future attract benefactors more easily; others can see your future. Practical operation: 1. Refine yourself: be upright and reliable, become someone worth helping. 2. Help others more: lend a hand within your ability, don't always cause trouble. 3. Ask for help correctly: dare to ask, know how to repay with growth and gratitude. 4. Show potential: work steadily, let others see your progress. 5. Look far ahead: don't fuss over immediate gains or losses; attract reliable people with a long-term mindset. Concept 06: Capital Do you really have capital? 1. Distinguish funds from capital: don't treat savings directly as capital; assess how much you understand investment. 2. Prepare long-term idle money: set aside money you can afford to lose without affecting daily life; prepare mentally for long-term immobility. 3. Prioritize improving cognition: when money is little, first learn investment knowledge; don't rush to invest large sums. Reject frequent flipping: avoid short-term quick in-and-out trades; focus on long-term returns. Concept 07: Falling Behind What does falling behind mean? Golden phrase: Don't take your small circle as the whole world; people easily overestimate their level above average. Anxiety should be transformed into action. Practical operation: 1. Broaden your reference: don't just compare with people around you; look at a bigger circle to see your position clearly. 2. Relieve anxiety: reduce irrelevant information consumption, don't worry about others unnecessarily, focus attention on self-improvement. 3. Persist in deep cultivation: choose the right direction, use strategy and long-term persistence, strive to enter the top 20% in your field. Concept 08: Multi-dimensional Competition What is the best strategy to move from mediocrity to excellence? Golden phrase: Always seeking happiness through comparison causes pain; reaching the top in a single track is hard; having one strong skill combined with several ordinary abilities creates competitiveness. Practical operation: 1. Avoid ineffective comparisons: compare yourself less with others; don't base happiness on comparison. 2. Focus on one strong skill: first train at least one ability to a leading level as your core trump card. 3. Add supporting skills: supplement with two or three adequate complementary skills; build differentiated competitiveness through combination. 4. Accept realistic pace: multi-dimensional improvement is a long-term matter; don't rush; accumulate slowly. Concept 09: Metacognitive Ability The most important ability you should have Golden phrase: Metacognition is reviewing and examining your own thinking, distinguishing right from wrong and correcting in time; it is the foundational ability determining personal strength. Practical operation: Review not only what you did or said but more importantly the thoughts that arose; find deviations and actively correct them; practice deliberately and continuously. Concept 10: Deliberate Practice How to effectively improve metacognitive ability Golden phrase: Metacognition is like a brain muscle that can be deliberately trained and improved. Emotional agitation, distraction, and inattention are opportunities to practice metacognition. Practical operation: Persist in meditation practice; notice emotions as they arise; daily review and analyze different thoughts; distinguish facts from subjective emotions. Concept 11: Master Key Giving you a "master key" Golden phrase: The key to solving problems often isn't in the problem itself. Use metacognition to step outside and look at the problem, but don't deliberately avoid ready-made solutions. Practical operation: Notice your stubborn thinking about problems; when facing difficulties, look for breakthroughs at the root and from different angles. Concept 12: Persistence Why do you always "give up halfway"? Golden phrase: Relying solely on brute force persistence leads to giving up when inner resistance arises; giving things multiple meanings and seeing pros and cons leads to proactive action. Practical operation: 1. Before doing things, explore intrinsic value and sort out gains and losses. 2. Set realistic goals. 3. Create an external environment conducive to action. Concept 13: Missing Out How did I miss an upgrade? Golden phrase: Always thinking new ideas don't relate to you traps you in old cognition. Understanding principles without action renders even the best ideas useless. Practical operation: Change mindset; treat new information as external reminders; think and practice objectively, setting aside likes and dislikes. Concept 14: This World Actually, this world is alive Golden phrase: Your inner thoughts affect the reality you see. How you treat the world is how the world responds; your circumstances depend on subjective interpretation. Practical operation: 1. Distinguish facts from subjective feelings. 2. Adjust your perspective on the outside world. 3. Find growth opportunities in difficulties. 4. Show more kindness in dealing with people and matters. Concept 15: Complaints Completely quit your complaints Golden phrase: Complaining doesn't solve problems; it's a sign of powerlessness and makes people give up struggling. Solve what you can; accept what you can't. Practical operation: 1. Notice your urge to complain. 2. Replace complaints with practical actions. 3. Avoid environments full of complainers. 4. Accept unchangeable realities. 5. Focus on self-improvement. Concept 16: Others' Goodness Seeing others' goodness brings new life Golden phrase: Not being able to see others' goodness stems from comparison; don't completely deny people with flaws. Don't rush to prove yourself; absorbing others' strengths benefits growth. Practical operation: 1. Notice inner jealousy and comparison. 2. Distinguish people's strengths and weaknesses. 3. Refocus energy on yourself. 4. Actively learn from others' worthy traits. Concept 17: Correct Value The value of being correct itself Golden phrase: Being merely correct may not be valuable; precious is being unique and correct. Life's meaning isn't innate; it is lived through action. Practical operation: 1. Distinguish objective correctness from subjective stubbornness. 2. Don't blindly follow the crowd. 3. Don't rush for recognition. 4. Create your own meaning through action. Concept 18: Destiny What determines your destiny? Golden phrase: Values > Choices > Effort Practical operation: 1. Establish your own principles (value trade-off standards). 2. Don't blindly trust experience in decision-making. 3. Review past choices. 4. Understand principles but emphasize action. Concept 19: Self-Drive What determines your self-drive? Golden phrase: True intrinsic motivation comes from correct urgent needs. Verbal desire is not the same as urgent need; urgent needs can be cultivated; patience is the urgent need for growth. Practical operation: 1. Distinguish daydreams from inner urgent needs. 2. Give goals significant meaning. 3. Start with small actions to accumulate positive feedback. 4. Cultivate patience, focus on the long-term future. Concept 20: Urgent Needs How to recognize, choose, and cultivate correct urgent needs Golden phrase: Urgent needs are determined by values. Ambitious people value growth; performative people care about others' current evaluations. Growth is the true urgent need; urgent needs can be selected and cultivated later. Practical operation: 1. Identify ambitious vs performative thinking. 2. Adjust value priorities. 3. Don't be greedy with limited energy. 4. Repeatedly weigh and solidify urgent needs through practice. Concept 21: Risk Avoidance The urgent need in investment is risk avoidance Golden phrase: Investment's urgent need is risk avoidance, not risk-taking. Observers see risk-taking; actors focus on risk avoidance. Don't gamble away your chance to turn things around. Practical operation: 1. First assess worst loss; refuse to follow hype. 2. Control bet size to keep your qualification to re-enter. Concept 22: Differences Respect differences in capital scale Golden phrase: Face the objective gap in capital scale; don't use emotions as a shield. Different principal amounts with the same strategy yield very different results. Practical operation: 1. Don't directly copy large capital strategies. 2. Improve cognition first; accumulate capital slowly with small amounts. Concept 23: Opportunities Do you really have no opportunities? Golden phrase: It's not lack of opportunities but insufficient cognition that blinds you. Seeing opportunities doesn't equal seizing them; recognizing chances requires cognition and execution. Practical operation: 1. Pay attention to reality changes; don't cling to preconceptions. 2. Improve cognitive judgment. 3. When seeing opportunities, think of feasible plans. 4. Accept uncertainty inherent in opportunities. 5. Assess risks before acting. Concept 24: Conditions What are the conditions to start investing? Golden phrase: Wisdom > Time limit > Amount Practical operation: 1. Abandon ideas like "wait to save big money to invest" or "get rich overnight." 2. Prepare mentally for long-term immobility of funds. 3. When principal is small, prioritize improving cognition. 4. Practice investment logic with small funds. Concept 25: Prediction Can you accurately predict stock prices? Golden phrase: Short-term stock prices are nearly random; long-term can be reasonably judged based on company fundamentals. Practical operation: Give up short-term speculation; focus on long-term regular investment. Concept 26: Greed and Temptation Can I earn more? Golden phrase: Greed is wanting gains that don't belong to you; much greed stems from ignorance. Short-term windfalls rely on luck; long-term returns rely on sustainable capabilities. Protect your principal; rationally resist human greed. Practical operation: 1. Reject temptations of easy money. 2. Prioritize long-term sustainable plans. 3. Treat protecting principal as an important investment bottom line. Concept 27: First-Mover Advantage Is being early decisive? Golden phrase: "Early" is not a decisive advantage; the key is doing the right things long-term. Knowledge compounds over time; the biggest difference is doing or not doing, not waiting. Practical operation: 1. Let go of regrets like "if only I knew earlier"; learn concepts and act quickly. 2. If you miss opportunities, review your cognitive shortcomings internally; refuse to use late start as an excuse; start acting continuously now. Concept 28: All In What does going all in mean? Golden phrase: The biggest investment risk is losing the chance to play again. Never go all in; also give up some security. Practical operation: 1. Distinguish "pursuing safety" from "pursuing security feeling"; refuse to bet everything. 2. Avoid leverage; control single investment proportion; keep reserves; preserve your chips to turn things around. Concept 29: Regular Investment What is the simplest safe investment strategy? Golden phrase: Everyone knows "buy low, sell high"; the hard part is doing it long-term. Regular investment dilutes cost through periodic input; it's a simple, feasible safe strategy for ordinary people. Practical operation: 1. Persist in long-term regular investment; distinguish price from intrinsic value. 2. Treat self-growth as a higher priority, cost-free investment. Concept 30: Long Term How long is long term? Golden phrase: "Long term" has no fixed duration. The stronger your investment ability, the shorter your long term. Practical operation: 1. Continuously refine your investment ability to shorten "long term." 2. Have off-market income like salary; reject short-sighted get-rich-quick mentality. 3. Treat learning iteration as part of the long term. Concept 31: Double How to double your salary? Golden phrase: To get double salary, the core is to learn parallel work. Work "for the boss" and "for yourself" simultaneously; sell the same time twice—once for salary, once for self-growth. Practical operation: 1. Don't just focus on salary; accumulate your own abilities simultaneously. 2. Think one step ahead; distinguish if tasks can be linked serially or in parallel. 3. Always demand a higher level from yourself; treat the workplace as a training ground for self-improvement. Concept 32: Time Trading Be a normal time trader Golden phrase: Working is retailing your own time. Don't obsess over time's price; focus on increasing time's intrinsic value. Being over- or undervalued is market normal. Practical operation: 1. Reject short-sighted practices like slacking or frequent job hopping for arbitrage. 2. Focus on improving your abilities to increase time's intrinsic value. 3. When salary is unfair, use metacognition to objectively view valuation fluctuations; avoid impulsive emotions. Concept 33: Writing Why must you learn to write? Golden phrase: Writing is an important way for ordinary people to sell the same time repeatedly. Writing forces deep thinking, breaks geographic limits, amplifies personal communication and influence. Practical operation: 1. Don't pursue fancy writing; start with notes, insights, comments. 2. Parallel writing with learning and work; use output to drive input. 3. Accept no immediate positive feedback; value long-term compounding; keep outputting. Concept 34: Your Price What really determines your price? Golden phrase: Your price depends not only on your ability but also on real external demand. Don't just bury yourself improving; don't ignore what others truly need. Practical operation: 1. Before doing things or job hunting, understand others' real needs; match your abilities. 2. Avoid self-indulgent efforts; don't just focus on how much you give. 3. Often ask: Does what I offer truly meet others' needs? Concept 35: Choice Methodology about "choice" Golden phrase: Values are repeatedly asking yourself "what is more important." Practical operation: 1. Make choices based on the minimum necessary principle. 2. Use review to train decision-making; don't pursue perfection in all aspects. Concept 36: Growth Rate About entrepreneurial choices Golden phrase: Wisdom comes from having many clear, accurate, necessary concepts in your mind and clear connections between them. Having corresponding methodology and success experience. Practical operation: 1. Refine core concepts in your mind; clarify logic between concepts. 2. Prioritize creating social value, then pursue commercial returns. Concept 37: Improving Growth Rate Methodology to improve growth rate Golden phrase: Most people only have growth; few have growth rate. Practical operation: 1. Don't just pursue growth; actively pursue growth rate, i.e., growth speed. 2. Iterate and review afterward; build multidimensional competitiveness. 3. Don't just bury yourself in input; value output's compounding effect. Concept 38: Knowledge What exactly is knowledge? Golden phrase: True knowledge guides us to make better decisions and brings better long-term results. Practical operation: To judge if information is knowledge, ask yourself two questions: What decisions will change after knowing? What long-term benefits will it bring? Concept 39: IQ How to improve your IQ? Golden phrase: IQ is mostly not innate but acquired. IQ depends on clear, accurate, necessary concepts in the brain and clear, accurate, necessary connections between them. Learning concepts without practice won't improve IQ. Practical operation: 1. Continuously update and correct concepts in your mind. 2. Build reasonable connections between concepts; internalize through practice. Concept 40: Quick Start At the start, what is most important? Golden phrase: Rapid success is impossible, but quick entry is feasible. Master the minimum necessary knowledge to complete entry; don't wait for everything to be perfect before acting. Practical operation: 1. When learning new skills, first filter and master minimum necessary knowledge; quickly pass the entry stage (e.g., read book table of contents first, memorize key points first). 2. Once basics are mastered, start practicing immediately; iterate and optimize in action. 3. Let go of perfectionism; don't expect to do well at the start. Concept 41: Hope What is the most important thing in your life? Golden phrase: Repetition is the only path from clumsiness to proficiency. Many quit learning skills halfway because they underestimate the number of repetitions needed. Practical operation: Learning requires short-term, large-volume, correct repetition. Concept 42: Encouragement Become the person worthy of hope Golden phrase: True hope is believing tomorrow will be better because of today's actions, not waiting for luck. Early progress is often long and invisible, matching the compounding curve. Optimism is a learnable ability; encouragement is a scarce resource. Practical operation: 1. Don't just fantasize about the future; turn hope into continuous action. 2. Accept the dull early growth phase; endure stages without obvious feedback. 3. Try to be an encourager; avoid energy-draining naysayers. 4. Quietly refine yourself to be worthy of your hope. Concept 43: Doing The most important tool for cognitive upgrade Golden phrase: The most important tool for cognitive upgrade is practice. Knowing is just the start; truly doing creates huge differences between people. Practical operation: 1. "Practice makes invincible." 2. Continue thinking and reviewing during action. Concept 44: Learning Ability Do you want a life cheat code? Golden phrase: Learning ability is life's cheat code. It has three levels: learning hand-held teaching, learning book skills, learning skills no one can teach. Academic degree does not equal learning ability. Practical operation: 1. When someone teaches hand-held, ponder the thinking. 2. When self-learning, first find minimum necessary knowledge. 3. Start practicing immediately; rely on deliberate practice, record and review, and iterate continuously. Concept 45: Trend Judgment The most basic skill in investment—trend judgment Golden phrase: To do trend judgment well, first understand cycles. Future judgments must be tested over time; judgment alone has no value; must be verified by market action. Practical operation: 1. Observe trends across multiple cycles. 2. Don't be swayed by market frenzy or panic. 3. Use data and logical reasoning for predictions. Concept 46: Mirror World What does the investment world really look like? Golden phrase: Success = Skill + Luck. Investment lies closer to luck on the skill-luck spectrum. Practical operation: 1. Reflect on how much profit comes from luck; don't fully deny your judgment when losing. 2. Improve your skill part; also do risk prevention and hedge luck-induced volatility. 3. Extend time horizon to verify investment judgments; don't judge by single results. Concept 47: Smart Time Trading Be a smart time trader Golden phrase: The first personal business model sells one unit of time once, with obvious ceiling. The second model sells the same time many times. To have products sold repeatedly, meet others' real urgent needs, not your subjective needs. Practical operation: 1. First be a "normal time trader," improve your unit time value. 2. Try creating repeatable products, e.g., writing books, articles, courses. 3. Discover others' real urgent needs; avoid self-indulgent production. 4. Don't rush; first solve your urgent needs, then refine reusable products. Concept 48: Paying to Pick Up Bargains You deserve the best personal business model Golden phrase: The highest-level personal business model: buy others' time and resell it. The principle is buy low, sell high, breaking the limit of personal total time. (Ordinary people paying for services daily already use this model, saving their own time to invest in more important things. Entrepreneurship and investment essentially buy others' time to monetize.) Practical operation: 1. Three models can be done simultaneously. No need to wait to start a company to practice the third model; paying for services, courses, books is buying others' time. 2. Prioritize investing saved time in self-growth. 3. Understand paying is just a carrier; after obtaining, you must think and practice yourself to output and monetize again. Concept 49: Ultimate Question What is the ultimate question of life? Answer: Values. Values determine most of our choices. Practical operation: 1. When facing dilemmas, distinguish primary and secondary; actively give up secondary options; focus on core elements. 2. Apply this questioning method to learning, work, interpersonal and other real scenarios. 3. Don't rely on intuition; use layered questioning to clarify before acting. Concept 50: Principles Why do you always choose wrong at critical moments? Golden phrase: Major decisions are prone to errors because our operating system is imperfect. Establish your own principles (like Ray Dalio's principle system) in advance; use a stable standard for key decisions. Don't rely on emotions and intuition at the last moment. Practical operation: 1. Pre-establish your decision principles; don't wait for crises to think temporarily. 2. Include but not limited to: mobilize metacognition, listen to outsiders' advice, list and score internal options, set behavior SOPs: trigger A, do B; if B happens, choose C or D, etc. Concept 51: Questioning How to get satisfactory good answers? Golden phrase: Top students excel not in answering but in asking high-quality questions. Good questions are not demands but come after research and thinking. Practical operation: 1. Before asking, search and check materials yourself; if you can solve it, don't seek external help. 2. When asking, provide background and context; write out tried solutions; include your own alternative ideas; ask in a discussion manner, not just for answers. Respect others' time and attention. Concept 52: Execution Where does poor execution really come from? Golden phrase: Execution is knowing clearly how to proceed step by step. Execution is not an independent talent but a natural result of understanding. Everyone has strong execution but often applies it to unimportant things. Practical operation: Actively output through deliberate practice to internalize in the brain. Complete first, then optimize.