Engraved in DNA.

1. Go with the flow

Major trends determine the general direction. Follow the trend and avoid counter-trend operations.

2. Risk first, compound interest second

Controlling risk is the premise. Only by preserving capital can you accumulate compound interest in the long run.

3. Research companies, select industries

Essential industries are better than non-essential ones. Avoid sunset industries and focus on future sustainable profitability and moats.

4. Buy and sell with discipline

Choosing the right company is important, but timing is even more critical. Strictly execute profit-taking and stop-loss strategies.

5. Cash and allocation

Always maintain a moderate amount of cash (≥20%). Diversify investments reasonably, and asset allocation should align with your personal situation.

6. Patience and time

Saving is the starting point. Wait patiently for opportunities and be friends with time.

7. Humility and independent thinking

Maintain reverence for the market and avoid blind following. Excess returns come from independent judgment and strategic positioning.