The market is a second-order chaotic system with countless complex small rules inside; and how to formulate your own rules is personal. How to formulate the criteria for judging a company requires even more detailed and separate research.

​If anyone tells you that there is a universal rule that can judge all companies, and this rule can make you rich forever, then you can basically conclude that they are a scammer.

In terms of personal rules, copying homework—if the other party is a billionaire and you may only have a few hundred thousand in disposable funds—your rules are completely different and cannot be the same, because the same action will make them a fortune while you will suffer heavy losses.

​For company rules, some may be seasoned industry insiders with unique judgments and higher risk tolerance, while others may not have enough understanding of the industry. To put it bluntly, they lack conviction, can't hold on, and easily flip-flop, eventually getting harvested. These rules are again different, as the criteria for judging a company depend on individual cognition.

​Under the above circumstances, there is no universal wealth code. Trading, to put it plainly, is about divergence—more specifically, divergence in cognition.

LongPort - 輸棟樓的韭菜
輸棟樓的韭菜

In this era, asking the right questions may be more important than IQ, as the questions themselves define the framework and method of thinking. The question in the picture is not good, shall we consider changing it?

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