In this round of the market, I am focusing on the AI + Crypto field.

CN
6 hours ago

A reader left a message asking: If new things come along, what factors do you generally consider? I also bought Duan Yongping's investment Q&A book and found it very good. NFTs also belong to culture and communication; are there any books you can recommend?

When new things come along, I first look at whether I am interested in this new thing. If I am not interested, I won't pay much attention to it; if I am interested, I will invest my energy.

In my article the day before yesterday, I emphasized again that every investor must find their area of interest, which is the essence of this reasoning. Only by finding one's interest will there be a proactive desire to delve into and discover opportunities that belong to oneself.

Everyone has different backgrounds, resources, and experiences, so the areas of interest will vary greatly. The important thing is which one suits oneself.

In my experience with NFT investments, I wrote that when I noticed the trend of NFTs, many KOLs in the Chinese field were still immersed in DeFi mining. My interest in DeFi was clearly not as strong as in NFTs, so I quickly shifted to NFTs. However, many players in that batch earned extremely substantial income from mining. They seized the opportunity in DeFi, while I encountered luck with NFTs; both paths turned out well.

As the crypto ecosystem becomes increasingly complex, I believe that the number of subfields derived from it will continue to grow. No one can fully understand or master all areas. Therefore, I think it becomes increasingly important to find one's points of interest as time goes on. A person does not need to, nor can they, seize every opportunity; capturing one or two opportunities they are proficient in is sufficient.

Additionally, if there are multiple areas of interest, one can further consider which of these areas has broader prospects and greater potential, striving to find the most promising field among them.

For example, in this market cycle, I am most optimistic about AI + Crypto. I believe the combination of these two fields will spark amazing innovations, so my main focus last year and this year has been in this subfield.

However, exploring any field will consume considerable time, energy, and financial resources, and these explorations may very well all fail—this is a significant risk inherent in frontier exploration. So, I must remind you again, before exploring new fields, it is essential to have a solid foundation: Bitcoin + Ethereum, which is the most important safety net.

Duan Yongping's investment Q&A book and other related books (such as those by Buffett and Munger) are excellent, but many contents in the books may resonate differently with readers due to their varying experiences, leading to different takeaways.

At least for me, if I hadn't made a lot of mistakes early on, I wouldn't have been able to resonate with the content discussed in the books. Therefore, I think these books can be revisited and flipped through often. The more experiences one has, the more one will appreciate them.

In my article yesterday, I quoted Duan Yongping's view on Buffett reducing his stake in Apple. Recently, Duan Yongping also had another witty remark that has been widely quoted online:

Duan Yongping said: What's so interesting about Apple's financial report?

This witty remark has been used by many to comment on the second-quarter financial reports of Moutai and Tencent.

When I saw this statement, a similar thought immediately came to my mind: What's so interesting about Bitcoin and Ethereum?

Afterwards, I thought about it, and if it weren't for my experiences in the crypto ecosystem over the years and my learning about Bitcoin and Ethereum, I wouldn't have had such a thought.

Therefore, after securing a safety net, it is also very important to boldly try various investments.

With insufficient experience, even if one sees golden advice, they may not be able to grasp it or see the essence within it.

Regarding NFTs, it seems that there aren't many related books on the market; at least I haven't read any book specifically about NFTs. I think a better approach might still be to look, read, and learn more online.

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