The left brain has attacked the right brain, and the IQ has taken the high ground. We need to see how Teacher Zhao Bei leads the market.

Writing reflections in public is really like urinating anywhere, but in my hometown, there's a saying: "When you poop, don't look at people; when you look at people, don't poop." Maybe if you get used to it, it will be fine. On the contrary, being abstract doesn't carry the burden of thought.

Here are some recent points of anxiety, just for personal record: 1. The profit model of the business (trading is also a type of business) has no reuse at all, and the experiences of success and failure have not been well integrated into a loop. The opportunity cost of taking action is quite high; I should organize a meeting between my left and right brain to at least ensure that actions have tangible outcomes, even if mistakes are made, they can be traced back. 2. There is no complete logic to incorporate the business into valuation; I have been so focused on doing that I have turned myself into an integrator and a bad outsourcer. 3. I have dedicated my energy to the projects and companies I am promoting, but I have not confirmed ownership, which is very frustrating and painful. 4. Being bearish can make one feel "very correct"; you gain intellectual pleasure, but others gain financing and the main upward trend. This is particularly evident in the criticism of domestic computing power and the Nvidia system. Ride the bubble. 5. Opinions often come before products; I have transformed from a founder into a KOL. If the volume of my voice does not convert into a surge in financing, it is basically a waste of time. 6. Recently, conversations with everyone have tended to be casual chats and sharing opinions; perhaps I need to ask for things, seek the understanding of conversation partners, request promises from allies, and gather resources for future tasks. 7. Anxiety about time windows and age has severely distorted some decision-making actions, resulting in wasted competition time. 8. Be bold in taking on debt, be willing to spend money, and while doing a good job of firewalling, fulfill the responsibilities of a trustee. 9. The team has not been uplifted; I do not know which powers to delegate and how to do so efficiently. Like a Chiang Kai-shek, I have been too hands-on, making myself a bit neurotic. The confession comes to a pause; I am another year older, and time waits for no one.

My biggest recent doubt is (can any frontline practitioners answer this, private messages are also fine), is there a possibility of a conflict of interest between ETF companies and DAT companies? In other words, does the stock of DAT companies constitute competition for directly holding ETFs?

After watching that interview with Jeff, the most (and possibly the only) valuable takeaway is that Jeff's mindset is to "understand the detailed time frames of the market, meaning that it's hard to make confident predictions in the long-term framework."

What to do when the time is up?

I woke up this morning feeling dizzy, walking unsteadily, and struggling to hold things in my hands. I quickly rushed to the clinic to get a check-up, and the doctor said I was lacking Vitamin RMB and Vitamin USD.

Oh, I forgot to spray it. The last one I was preparing to buy back and burn is $IBRL 😅

For the inflated market cap of the native currency and the lack of trading pairs, fee buybacks are the most beautiful lie. $light will not be the next $hype.

It's just that cursing Jason Zhao is the way to go; the more you curse, the more the big boss behind feels that this CEO is worth having. Isn't a punching bag just meant to be hit?