00.20160729 Three Iron Laws of Time Selling ★
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The Three Iron Laws of Time Selling: Growth is the fundamental key, prioritize value over valuation, and patience is more important than anything else.
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What is called personal financial freedom means that a person no longer needs to sell their time just to meet basic living necessities.
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There is only one standard for selection: Can what I choose help me accumulate more ability?
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Nowadays, food delivery is very developed. When I go to pick up food, I often think: so many people are selling their time at such cheap prices, and what they are doing is something that has absolutely no compounding effect. What will they do in the future?
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If you don’t need to break through, you don’t need to grow, and you don’t need to learn further. Doing such a job might give you a sense of achievement that merely consoles oneself (mostly from stability), but because there is no growth, you can never cross a milestone in your lifetime.
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It is a habit, because the short-term gains from deception are always very high. In the long run, this habit is almost impossible to eradicate. You see, the reason it is hard to adhere to the iron laws is because the temptation to violate them is too great. But looking at it the other way, all deceptions are not permanent; there will always be a day when the truth comes out. From this perspective, the advice given by Dario Bridgewater is truly wise.
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People who lack patience are more likely to choose “Endpoint Thinking.” They hope to finish quickly, see results quickly, and then reach the world they have imagined. [Incomplete sentence: 沒耐…]
01.20160801 Three Major Pitfalls Hindering Financial Freedom ★
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- You must focus all your most precious attention on your own “Growth.” 2. Entrepreneurship is growth. Without growth, it is not entrepreneurship. 3. People who don’t cherish their attention are destined to be poor in the end, because they will be harvested their entire lives, and they will never have truly valuable output. How can they eventually become wealthy?
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The first major pitfall is called “Mindlessly Joining the Crowd.”
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The online hype is even greater; you can even brew yourself a cup of tea, strike a pose, and watch. Oh! Vanke had an incident! Oh! Wu Yifan had an incident! Oh! Zhao Wei had an incident! Oh… These people are now called “melon-eaters” (gossip watchers) online. Compared to those watching on the roadside, online melon-eaters turn joining the crowd into a farce—a group of people who are inexplicably watching, and as they watch, the watchers start arguing with each other, attracting even more people to watch… It is said that curiosity is the source of creativity. Look, in fact, everyone has abundant curiosity. Unfortunately, it is all wasted on watching inexplicable hype. However, this is also right…
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The second major pitfall is called “Hastily Following the Trend.” Suddenly, a certain “trend” appears. For example, the recent “Content Entrepreneurship,” or last year’s “O2O”… Something is hot! Instantly, a large group of people (in fact, always the vast majority) hastily rushes to follow the trend… But they forget that whenever a major trend appears, there is always another group of people who were already prepared—even if they weren’t intentionally prepared. If content entrepreneurship is truly a trend, a major tide, then the group of people who have been writing for ten years before this are clearly “unintentionally but inevitably the most prepared.” The people who just started rushing to follow the trend, how can they compete with the other group?
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The third major pitfall is called “Over-caring about Others’ Hearts.”
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—A phrase: You are like a weak Bodhisattva, unable to cross even a small river, yet you worry excessively about others’ hearts. Truly, what are you aiming for? If someone fails in their business, you won’t suffer a loss, but if they succeed, you are afraid, aren’t you?
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Money is not the most important thing because it can regenerate; time is also not the most important thing because it essentially doesn’t belong to you. You can only try to be friends with it and make it work for you. Your attention is the most important and precious resource you possess—viewed from this angle, life is actually fair, because your attention is something you can control, unless you give it up yourself. Therefore, whether the outcome is good or bad is truly up to you.
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Attention
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This might be the most valuable advice in life—because, ultimately, all your value is the output of your attention. Moreover, more critically, a person’s attention is likely the only resource that can be called “innately produced.” Think about it, what else is like this? … So, where should you put it? The answer is clear and unique: put it on “Growth.” There is a Silicon Valley “cliché” that is actually very meaningful: “Entrepreneurship is growth. Without growth, it is not entrepreneurship.”
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If you want to take a step further, you can try listing the following (this is not homework): 1. Review what you have been paying attention to? List them and judge whether those things are related to you? Are they related to your growth? 2. Review what you have been paying attention to last week? List them? Judge whether those things are related to you? Are they related to your growth? 3. Review what you have been paying attention to last month… I know you can’t even remember it?
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In a sense, advertising is actually this kind of business model, isn’t it? You can study the major marketing accounts on Weibo; they are best at “attracting attention”—another way of saying “harvesting cheap or even free attention.” Then look at how many people are even “actively contributing their attention,” and then you can understand why this business model can ultimately achieve “long-lasting prosperity.”
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If you dare to ignore your attention, your attention (in fact, your attention is the truly valuable you) will be ruthlessly harvested and sold.
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People who don’t cherish their attention are destined to be poor in the end, because they will be harvested their entire lives, and they will never have truly valuable output. How can they eventually become wealthy?
01.20160805 Our Most Important Wealth is “Attention” ★
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Keywords: Compounding Effect, Key to Happiness, Individual Value 1. When some people ask why their schedule is packed yet they still feel they have no gain, I remind them: the packed thing is your time; the idle thing is your attention; the wasted thing is your growth. 2. Put your attention on your own growth. Put it on all skills that can have a compounding effect, and then give them sufficient learning, thinking, and refinement. 3. Put your attention on true love without expecting return; this is the key to true happiness. 4. Put your attention on things that truly contribute to society. Individual value equals one’s social contribution rate.
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The wasted thing is your growth.
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Reasons for falling into the three major attention pitfalls: For most people, short-term pleasure is more useful than long-term gain. It satisfies the personal sense of security, belonging, and achievement.
02.20160812 Paying is Picking Up Bargains ★
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- What bargains have you picked up by paying in the past period? Not just this channel—this channel is definitely excellent value, without a doubt. 2. In what areas have you wasted time and attention where you could have picked up bargains in the past period? 3. How many times in the past period have you been in a bad mood all day because of an argument with family? 4. If you need continuous attention but are repeatedly disturbed, have you thought of any effective countermeasures? 5. In what areas have you ignored the value hierarchy of assets, to the point where you suffered a big loss?
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What resource is most important? (Attention) What resource is more important? (Attention > Time > Money)
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Many people comment, saying they don’t know what to do with their attention. O Accumulate knowledge O Refine skills O Observe life O Think about the future O Create value O Manage relationships
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Things to guard against.
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So, I have long since invented my own method: always set the phone to silent, and turn off all push notifications. When I am focused on working, I should not accept any disturbance. When I stop and rest, I can handle the unread messages and missed calls.
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Because overall, paying money to buy time is more cost-effective!
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The best way to make others approach you is to occasionally do something admirable.
03.20160819 The Heaviest Shackles of Life are “Security” ★
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- Almost all progress is achieved by giving up some security. 2. Pursuing 100% security will definitely trap you in the eternal present. 3. We must give up some security to observe and think deeply in the long term. 4. Don’t cooperate with people who lack security—because in their world, a true cooperative relationship is practically impossible. 5. Regarding reading, put your attention on how to apply the knowledge gained to improve your life.
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Most people are like this: they pay attention to everything around them at all times, and they are very afraid of missing something. They cannot concentrate long-term, nor can they think deeply long-term; their attention is always focused on every event happening around them. Such people have no past, and no future; they don’t even know that they could have a past and a future. For them, there is only the present, without comparison.
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Ultimately, this can lead to being trapped in the eternal present.
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In a sense: almost all progress is achieved by giving up some security.
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…rather, it is to pursue the security of “not being left behind by the times.” Believe it or not, look around and see how many people are pursuing 100% security. They are constantly attracted by everything happening around them; they cannot observe or think deeply in the long term about anything—this might not be their nature, but rather that they themselves are unaware of the limitations of this survival mode—they are like those animals, trapped in the eternal present.
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One of them is not taking risks.
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What is cooperation? The essence of cooperation is that everyone gives up a small part of their security and entrusts that part of security to the partner. What is trust? Trust is believing that the other party will not exploit the part of security you voluntarily give up.
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The so-called lack of security is actually the disbelief that others can exist without exploiting the part of security you give up. Therefore, they can only secure 100% security themselves—this is truly an exhausting state, isn’t it? If you know the root cause of people’s lack of security, you will understand why this advice is correct: don’t cooperate with people who lack security—because in their world, a true cooperative relationship is practically impossible.
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100% security brings 100% constraint.
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Your time and attention are fleeting; try not to waste them on rapidly depreciating information.
04.20160826 The Foundation of Life: “Having a Future” ★
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• In the long term, the output rate of mental ability is definitely higher than the output rate of physical ability, and by many orders of magnitude… • The glass ceiling for physical ability is obvious, but where is the glass ceiling for mental ability…? • The time for physical decline comes very early, but the time for mental decline comes much later… • The massive profits gained through brute force are decreasing, because in the major trend, knowledge is more likely to generate greater massive profits…
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Don’t expect to be right in one go.
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What is called investment is nothing more than exchanging current resources for future resources.
05.20160902 How to Meet a Benefactor ★
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Belief combined with patience is what can help you endure accidental setbacks and wait for inevitable good fortune. Often, what hinders our action is not our own ability, but the wrong concepts in our minds.
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- Optimistic people are more likely to become benefactors to others; 2. Benefactors are more likely to meet benefactors; 3. Those who can help others progress are true benefactors; 4. Excellent people, respected people are more likely to receive help; 5. People who are willing to share are more likely to receive help; 6. People who don’t burden others are more likely to receive help; 7. People who are not ashamed to ask for help are more likely to receive help; 8. When asking for help, it is not appropriate to rely solely on money as compensation; when helping others, it is not appropriate to charge money in return; 9. A benefactor doesn’t have to be a genius; a genius is often just focused on themselves, but a benefactor is different; they often value “harmony over everything” and better understand “the noble one is better than many noble ones.”
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…the noble one is better than many noble ones. 10. Often, people’s success comes from a large number of people hoping to see them succeed. Conversely, if a large number of people are unwilling to see someone succeed, then this person will find it difficult to receive the so-called “help of benefactors”; 11. People who are doing the right thing are more likely to receive the help of benefactors—this is what “many help the worthy” means; 12. People who live in the future are more likely to meet benefactors, because others can see the future in them.
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…not “asking for help.”
06.20160909 Regarding “Capital” ★
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Capital is indeed mainly composed of money, but just a pile of money placed there is definitely not capital.
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In an investment environment, earning 50% profit with 10,000 RMB as capital, versus earning 15% profit with 100,000 RMB as capital, the former performs better than the latter, or to be slightly more professional, the former has a higher capital efficiency than the latter.
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The fundamental reason they buy junk stocks is because “that thing is cheap.” They focus on absolute value, so even if a stock has high profit potential, as soon as they look at the price and “feel it’s too expensive,” they turn and leave.
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In other words, a person with an annual income of 60,000 RMB, who allocates 5,000 RMB as investment capital and “sentences” this capital to a life sentence, will actually, with a high probability, not affect their quality of life.
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One of the secrets to acquiring wealth is not taking risks. Giving up security allows you to have more energy to focus on specific fields, observe in the long term, and think deeply, rather than encouraging everyone to take risks.
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Becoming an outstanding investor is only a matter of time, first because they have started; and they are already “winning at the starting line,” because the initial act of “sentencing their own capital to a life sentence” has laid the most solid foundation for them to develop the ability to “think deeply about the future” later on. With this foundation, many techniques are unnecessary, many traps automatically disappear, and many helpless anxieties instantly vanish… I know you might feel that “life sentence” is both cruel and unnecessary—but this is the wisdom you must acquire: struggling to learn how to distinguish between…
07.20160916 Regarding “Falling Behind” ★
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- Sooner or later, you will achieve the state of no longer selling your time for a living. 2. Sooner or later, you will achieve the state of not falling behind, becoming in the top 20%, or even the top 1%.
08.20160923 The Best Strategy to Move from Mediocrity to Excellence: “Multi-dimensional Competition” ★
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Often, comparison is a pitfall, a huge pitfall. To put it simply, comparison is a trap… So we must find a way to choose happiness and fortune that can be obtained without comparison—this sentence is revised from the original book text.
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On a single dimension, people compare length; on two dimensions, people compare area; on three dimensions, people compare volume.
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For example, if you want to memorize vocabulary. Don’t just look and memorize it; memorize it while looking, writing, and speaking. One dimension becomes three dimensions, and the effect is not just tripled, but at least much better than just…
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In the article “Paying is Picking Up Bargains,” I mentioned that to help my wife understand that “attention is the most precious,” I put a lot of effort into explaining various reasons from different dimensions, so much that it could be a book. So as long as you are meticulous, there are actually many areas where multi-dimensional play can have a huge effect.
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Furthermore, plan a path that is most suitable for yourself. If you don’t have a sufficiently outstanding dimension yet, then refine your skills well; if you are already excellent in a certain dimension, don’t get complacent with existing achievements; try to break through your limitations in a different dimension.
09.20160930 Understanding “Metacognitive Ability” ★
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Attention is the most precious wealth; paying is actually picking up bargains; 100% security might be the biggest shackle; living in the future is the only way to meet wealth; you must become a benefactor yourself to continuously meet more benefactors; it is highly likely that after 1%, you are falling behind; building multi-dimensional competitiveness for yourself is the way out;
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A person’s ability to create wealth is ultimately related only to metacognitive ability—everything else is a subsidiary factor.
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In fact, they don’t understand their own thought process, thinking principles, or thinking methods; and it is because most people have never seriously examined whether their thinking results are truly correct and reasonable.
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Your creation is almost meaningless unless you feel it has value; it must also be considered valuable by others, and the more “others” there are, the better; the more “others” there are, the higher your creative value—isn’t that right?
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The so-called high IQ is not just being able to solve a few math problems, but being able to perceive the principles behind those numbers. The so-called high EQ is not just being able to get along well with people, but understanding the other person’s deep-seated needs.
10.20161007 Methods to Improve Metacognitive Ability ★
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It is absolutely “indispensable” in life.
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…the result of the plan." And recognizing the source of emotions is calling upon metacognitive ability.
11.20161014 “The Master Key” ★
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Besides being attracted by various entertainment news and funny jokes, our attention is also attracted by another thing: the problems that trouble us. Solving the English listening problem: as long as you can say it, you can understand it. The more fields you are involved in, and the deeper you understand each field, the more likely you are to find more and better keys. The best way to move from mediocrity to excellence is “multi-dimensional competition.” When practicing the concepts learned now, you need to give up some existing security and focus your attention on the current method.
12.20161021 “Persistence” and “Perseverance” ★
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No matter what you do, before you start, try every possible way to give this thing great significance, even multiple great significances.
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Wow, this isn’t something a human can do?! Then, I spent an afternoon pondering if there was a way to give the act of memorizing vocabulary great significance. Soon, I thought of one. Passing TOEFL/GRE and getting a high score, then teaching at New Oriental—it is said the annual salary is a million RMB. So… one word is equivalent to 50 RMB. How satisfying! Originally, I planned to start by memorizing fifty words a day to adapt for a while. Thinking of this, I immediately decided, no, the first day must earn 5,000 RMB! This happened many, many years ago. Can you imagine the feeling of earning 5,000 RMB in one day in that era?!
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A person who has the concept of “speed reading” will never know that they haven’t gained anything from reading, not because they read too slowly, but because they never seriously thought about it.
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Learning without thinking is the same as not learning.
13.20161028 “Missing Out” ★
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The pleasure of reading gives people an illusion that they have understood the content of the article, and life will automatically become different. But that is just an illusion. If you cannot recall what you actually read, then these words are not very meaningful to you. Ultimately, you will only remember that you once read similar reminders after going through a detour.
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…system, mobilizing all senses to create “immersion” for yourself, to ponder, to research, to imagine. If this concept is absorbed by yourself, what should you become?
14.20161104 This World is Alive ★
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Many things that objectively do not exist, because a subjective concept exists, they seem to “exist truly”…
15.20161111 Completely Quitting “Complaining” ★
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The worst habit to completely quit is this: complaining. Keep a record of your complaints to urge yourself to quit complaining. Change what can be changed, accept what cannot be changed—this is the prerequisite for our life’s happiness. The harm of complaining is not just wasting time, nor is it just exposing your incompetence; its true harm is that it makes you involuntarily give up the struggle.
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If you can solve it, solve it (ability); if you cannot solve it, endure it (resilience); and then observe, you will find that the vast majority of people lose in the first layer—ability; and in the second layer—resilience—they never make even a tiny bit of progress.
16.20161118 Seeing Others’ Goodness to Gain New Life ★
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One morning, I listened to someone explain a principle to me, and I thought, “Wow, so amazing!” That afternoon, I listened to another person explain a different principle, and I thought again, “Wow, so amazing!” Lying in bed at night, I suddenly realized that the fundamental principles behind what these two people said were contradictory…
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You can actually learn a lot of good things from those “people you might have disliked.” Even more astonishingly, because you can see more and continuously see the goodness in others, the world you live in is indeed much better than before… I always involuntarily wonder, how much actual goodness have I missed over the years? And if I missed it, I can only blame myself.
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I don’t like Fan Deng, maybe it’s just that I’m jealous of his ability to easily trick people out of money.
17.20161125 The Value of Correctness Itself
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It is easy to follow the crowd, but difficult to make an independent judgment. To defy the mainstream view and make an independent choice, you need not only courage but also intellect. This is a task that is both mentally taxing and exhausting, so naturally, it is not easy to be popular. This hits the majority of “performance players.” Because they only care about whether it looks good, and whether it is good, they don’t really care.
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“Listen to the majority, reference the opinions of the minority, and finally make your own decision.” This is a very wise principle—here, “listening to the majority” does not mean just “doing exactly what they say,” but “listening to how they say it and pondering how they think.”
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See how the donkey thinks.
18.20161202 What Determines Your Destiny ★
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- You discover a need that needs to be met but has not been met; 2. You have a very strong need for it yourself; 3. You ask the people around you, and they all say they have this need; 4. There is no product on the market that meets this need; 5. If you create it, you will be the first to do so, so you definitely have an advantage and a promising future… This is a very common line of thought, and it is the hardest idea to convince—because every sentence seems right, and when put together, it seems even more right… But, is it really? “I have a strong need” and “the whole world has this strong need” are vastly different.
19.20161209 “Self-Motivation”
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“Learning English” is fundamentally not a hard necessity for the vast majority of people. Many people think learning English is important because the people around them think so. For the vast majority of people, passing the English exams is the true hard necessity. This also proves why so many people, after taking the CET-4 and CET-6 exams, never touch any English-related material again, even if they constantly say English is important. In fact, whether it is English, fitness, or any other skill, if it cannot affect your life, you cannot feel its necessity. Believe it or not, look back at the wishes you made at the beginning of the year; are there any items missing that would not affect your life? Since it is not a hard necessity, it is “not necessarily needed,” so in fact, “it’s okay if it’s not needed,” in fact, “it’s fine if it doesn’t exist,” although “it’s pretty good if it exists,” but “if it doesn’t exist, at most there will be a little resentment”…
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“Making excuses” is a hard necessity. Or rather, making excuses is a habit. Whenever you encounter difficulties, you can always find various reasons immediately to convince yourself to give up. This habit, or hard necessity, is a major pitfall. If you look into the pit, you will find countless people struggling below.
20.20161216 Cognition, Selection, and Cultivating the Right Hard Necessity ★
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Eagerly wanting to change the status quo. The worse the status quo is, and the less accumulation there is, the more eager you are. Because of this accumulation, no one can magically create it, so when faced with the extremely uncomfortable choice of “either accept it” or “start accumulating from now,” a considerable number of people finally choose to “take a risk.” In fact, many principles have very simple explanations, but because they are too “familiar,” we ignore them. At this time, we need to use reasonable metaphors to make them catch your attention again. For example, don’t rush to change the status quo, which is somewhat like “don’t try to escape gravity.” As long as we live on Earth, you cannot escape gravity.
20.20161216 How to Cognize, Select, and Cultivate the Right Hard Necessity
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In the eyes of performance players, this world only has “success” and “failure.” There is no intermediate state between them. In the eyes of ambitious players, they know that success and failure are just momentary states; between them, there are countless transitional stages, which is what we call “growth.” So, for performance players, if they cannot succeed, it definitely means failure. Therefore, when they see no hope of success, they usually choose to give up. But ambitious players are different. They know that besides failure and success, they have another state: continuous growth, continuously approaching success.
21.20161223 The Hard Necessity of Investment is Risk Aversion
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Following the crowd is easy; you don’t need to think, just entrust your brain to the masses. But you also cannot enjoy the benefits of being “unique and correct.” In fact, this applies not only to investment and finance, but to all aspects of life. We have always emphasized the preciousness of attention. The attention we save through various means is ultimately used to improve our judgment. Improving our professional ability, learning how to reasonably avoid risks—these are the things that require the most attention.
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How to distinguish whether you are “watching a fool take a risk,” or whether you are being treated as a “fool in the midst of risk”? Here is a simple and straightforward standard: Can you clearly state the “basis for action”? If your basis is merely “everyone is doing it,” “everyone thinks so,” “I got a small piece of news,” etc., then the probability of you becoming the “fool” observed by others is high. People with independent judgment can always provide a clear basis, even if it is not correct every time, but it can be corrected through feedback.
22.20161230 Respecting the Difference in Capital Scale
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But the difference between people actually arises from this choice. For you, the true hard necessity in life is whether it is “making excuses” or “finding methods,” which will greatly affect your future.
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Of course, they will also practice; they just avoid the obvious pitfalls, so the efficiency of achieving goals is relatively much higher.
24.20170113 Conditions to Start Investment Activities
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Here are a few small points: 1. In fact, whether the stock you start tracking is GAFATA or not doesn’t matter. If your English is poor, then choose a company on the domestic stock market that you believe has the potential for continuous growth—because in the coming time, you will be idle and need to pay attention to this company’s financial reports and other news. 2. The amount must be set to 1 RMB—that is, the most convenient and smallest unit. 1 RMB, 1,000 RMB, 10 million RMB, or whether it is USD or RMB, it doesn’t matter. It’s not because it’s “just virtual investment,” but because from the start, you must develop the habit of focusing on relative value rather than absolute value—the growth rate is what truly matters. 3. Update the data only once a month, and during the rest of the month, absolutely do not look at the data. Not only is it meaningless, but the scarier thing is that it will form a bad habit—you will understand how terrible that bad habit is later on. (Further self-training: If you break the rule even once, and can’t resist looking at the data before the end of the month, you must find a way to appropriately punish yourself…)
24.20170113 Conditions to Start Investment Activities ★
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If you can’t learn English, don’t learn it; just use it.
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Most people focus on “What do I want,” while only a few people think of “What do I have” simultaneously.
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Never mock others. People who have truly done something well will not mock others, because they know how difficult it is to do something well.
25.20170120 Can You Accurately Predict Stocks?
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It is precisely these differences in common sense cognition that determine whether some people are gambling, while others are investing.
26.20170127 Greed and Temptation ★
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“Financial freedom” is a tangible goal: not worrying about food or clothing, and no longer having to sell your time for living—that is the taste of freedom. Don’t worry about others’ hearts; put your attention on your own growth.
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Definition of financial freedom: Starting from a certain moment, no longer needing to sell your time for living.
28.20170210 What Does “All In” Mean?
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What happens after “going all in” has been repeated countless times in every corner of this world’s history. Before the moment the result appears, you think it is an act of “courage,” but the moment the result appears, it suddenly seems “so obvious, so undeniable, and so foolish”…
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A 60% chance of winning, investing 20% of your total assets, is essentially “going all in”!—
28.20170210 What Does “All In” Mean? ★
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To avoid that biggest risk (no more opportunities from then on), as an investor, you must remember and absolutely not violate the iron law: never go all in!
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No more opportunities from then on. Applying the phrase often used by gamblers—“try every possible way to stay at the table!” Because once you are eliminated, once you leave the table, there are no more opportunities. The ancient Chinese saying, “As long as the green hills remain, there is no fear of running out of firewood,” actually means the same thing.
29.20170217 The Simplest Safe Investment Strategy is “Fixed Investment”
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Fixed Investment Strategy: Regularly purchase a fixed amount of a certain (or several) growth stocks. Suppose, based on various reasons, according to your knowledge and judgment, you finally choose a certain stock, and you believe it is a “growth company.” Then you can start acting: set a deadline, which can be weekly, monthly, or quarterly; when each deadline arrives, regardless of the stock price change, purchase the same amount of that company’s stock.
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If the fixed investment strategy is so effective, shouldn’t everyone do it? Then why do so few people actually adopt and implement such a simple and effective safe investment strategy? A simple phrase, “most people just can’t endure it,” doesn’t give much essential interpretation. If we have the ability to penetrate the surface and see the substance, we will find that the key to the fixed investment strategy is not in “regularly,” nor in “fixed amount,” nor even in “long-term persistence in the fixed investment strategy”… Where is the key? The key is: before starting, you gain a fairly certain conclusion through in-depth research: this is a company with extremely strong growth potential… Because, your return = company growth potential x fixed investment strategy utility. If the company’s growth potential is actually zero, then the utility of the fixed investment strategy is equivalent to zero; if it is ultimately proven that the company not only didn’t grow, but actually declined, then the utility of the fixed investment strategy is effectively equivalent to magnifying the loss.
29.20170217 The Simplest Safe Investment Strategy is “Fixed Investment” ★
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When you enter a new field, the fear brought by ignorance is one of the difficulties you must face. At this time, you only need to tell yourself: just hold on for a few more days, read it a few more times. You will find that the unfamiliar things become familiar, and the unclear concepts slowly become clear. When you look back after enduring this stage, you will see that you have grown a lot.
32.20170310 Doing Normal “Time Trading”
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…people who willingly give their time. And the “giving” here often refers to those people for whom you are willing to spend time and energy to actively connect and maintain friendship.
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Friends are those people with whom you are willing to spend time and energy to achieve at least one thing together.
33.20170317 Regarding “Writing” ★
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The idea of execution is just an illusion. “Writing something useful to others,” this is the ultimate skill of writing; nothing is more important than this.
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This is certainly a good method, but it has its own limitations. Because not everyone is willing to give you the opportunity to explain it; after all, others’ time is also precious. At this point, “writing” becomes the best way to practice this idea. First, you don’t need to rely on others to complete the process of “teaching others” alone. Moreover, during this process, you can continuously refine it without worrying that the other party will be impatient. Second, after the article is published, you can receive real-world feedback. Believe me, as long as you explain it clearly enough and it is truly useful to everyone, the world will give you corresponding feedback.
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The idea of execution is just an illusion. So, in the end, even for the vast majority of the minority 5%, some are just illusions.
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Continuous writing is likely the most direct and lowest-cost way to train learning ability, thinking ability, analysis ability, and communication ability.
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“Writing something useful to others,” this is the ultimate skill of writing; nothing is more important than this. Just this one question filters out the vast majority of writings in this world.
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When I am ready, I will… I have seen many people say this, but few actually prepare and accomplish the task. In fact, many people use “preparation” as an excuse for their procrastination. For example, in writing, every article you write is preparing for the next article.
34.20170324 Factors Determining “Your Price” ★
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Never mistakenly assume that price and cost are directly and completely related; they are only indirectly related. Think about it, people pay money to buy a product because they truly need it, not because the production cost of that product is high—this is obvious, right? You have a product; before I buy it, all your costs are irrelevant to me, and your sentiment is also irrelevant to me.
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Oh my god! I worked so hard, I was so diligent, but why am I so miserable?! Maybe it is ruthless, but it is a fact: this world doesn’t need you.
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How do you become more valuable? — The answer is simple! Become a truly useful person. Just a moment ago, you might not have paid much attention to this sentence: generating a strong connection with this world is the most fundamental way to enhance life satisfaction. Have you realized it now? Why are a few people clearly happier than the majority, and why is their level of happiness so much higher? The explanation is simple: they have a stronger connection with this world…
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Since “being useful to others” is the most important thing to me, during the writing process, I even gave up the vast majority of rhetoric, leaving only two indispensable types (analogy and parallelism), because “writing style” is not important to me at all, because it is not important to the reader. For my readers, the most important thing is: the things they read are best able to bring them change (another way of saying “useful”)—not to mention rhetoric, sometimes for the sake of “truly being useful to the reader,” I am willing to directly give up even the legendary “simple and clear structure,” even if it is considered verbose, even if it is considered repetitive—because some important points need to be clarified, understood, and done well through repetition. Over these years, I have clearly known the great benefits and happiness that this value system has brought me. Let’s gather slightly…
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- What is their (theirs) true need, and what is the most needed? 2. Am I the person who can meet their needs? 3. If I can, is it possible to become a necessity? 4. If I cannot, how can I? 5. Is it necessary for me to meet this need?
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Often, choice is more important than effort. Because if you choose the wrong direction, no matter how hard you work, as long as no one needs you, your labor results will not be recognized.
35.20170331 Regarding “The Method of Choice” ★
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—No matter who makes the choice at any time, they must face an uncertain future, so even if the choice is sufficiently correct, it may not succeed in the end, but the probability of success is higher, this is obvious, right?
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Many people are at a loss when faced with choices, partly because they lack clear values, and partly because: they are unwilling to bear the consequences of the choice.
36.20170407 Regarding “Growth Rate” ★
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Businesses that satisfy basic needs; businesses that can make money (beyond basic needs); businesses that can grow (more and more surplus); businesses whose growth rate can continuously increase (this includes a concept that many people never think of: growth rate)…
37.20170414 “Improving the Growth Rate” ★
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Many people mistakenly think that optimistic people are not anxious. In fact, that is not the case. Optimistic people are also anxious, but when they feel anxiety, they use metacognitive ability to distinguish a fact: “spending time being anxious” itself does not solve the problem. So, they look for solutions, and then put their attention on solving the problem, instead of just worrying about the problem…
38.20170421 Regarding “Knowledge” ★
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Knowledge itself cannot create value for us; only when its existence changes our choices can its function truly be realized.
39.20170428 Regarding “IQ”
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The so-called IQ is actually “the ability to solve problems.” (It doesn’t have to be “the ability to solve problems immediately”; “the ability to finally solve problems after long effort” is also a strong ability, which is essentially a sign of high IQ…)
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Frequently taking time to “put oneself in others’ shoes” and think from others’ perspective (temporarily shifting the focus from oneself to others) is definitely a quick way to improve “IQ”… Of course, many people call this “EQ,” but personally, I don’t think this concept is necessary.
40.20170505 Regarding “Quick Learning” ★
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The process of mastering any skill—the key lies in: 1. Starting this process as soon as possible; 2. Completing this process as soon as possible.
44.20170602 The Cheat Code of Life: “Learning Ability” ★
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Being able to learn things taught step-by-step; being able to learn skills taught in books; being able to learn skills that no one can teach…
47.20170623 “Smart Time Trading” ★
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There is a sum of money that is not small, which you absolutely do not need, and this is a basic indicator of financial freedom. Passing on the knowledge you have learned to others is a dual upgrade process for your personal business model. Giving this matter great significance, even multiple great significances. Not only do you need to understand others, but you also need to understand the entire world composed mainly of others. Although upgrading your personal business model is important, don’t rush to achieve it; you can first set the goal of solving your own hard necessity.
48.20170630 The Best Personal Business Model ★
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What is the method of growth? There is almost only one answer: learning. In a meaningful life, there seems to be nothing more important than these two words. Mastering every skill is empowering yourself, giving yourself stronger ability. Having more skills means having more dimensional energy. The reason humans can progress, the reason they can grow, is because of learning ability; even in my world, I unify learning, progress, and growth into…
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Since your goal is “to eventually no longer sell your time,” your action should be “to find a way to reasonably and gradually reduce the amount of time you sell”; and the method is “when you can exchange money for time, try to exchange money for time”; and then, all the saved time is “invested” in your continuous evolution…
50.20170714 Applying “Principles” to Make the Right Choice at Critical Moments ★
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Always choose to encourage others and never publicly argue with them; believe that trial and error is often the only path to progress; believe that “teaching” is the best way to learn; maintain patience in the long run to see the final result; do it first, then speak, instead of speaking and not doing.
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How to make a high-quality choice? 1. Before choosing, add and filter the necessary conditions; 2. When choosing, strictly filter using those conditions.
52.20170728 Regarding “Execution Power” ★
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…process, no one can skip. If you know how to do it, just do it. If you don’t know how to do it, of course, you must learn it! Learn it and then start doing it; if you can’t learn it, then you should have continued learning… But the vast majority of people choose to “let it go” here. There is an even harsher, more frustrating situation: you know exactly how to do it, even every step is clear, but you just don’t do it; or you don’t want to do it, but it’s not today, it’s tomorrow? The most frustrating situation is this: you did do it, you did it, very early on, but you just didn’t continue doing it…