The essence of Xu Xin's winner's rule is induction, traversing among all winners to find the underlying principles, but she cannot capture things that belong to the future.

For example, Today Capital cannot invest in CRCL, and even the stablecoin sector is something she cannot bet on—because there is no past history to refer to.

What important truth do very few people agree with you on? (Thiel)

Which old paradigm is collapsing? (Soros)

What will the world look like in 30 years? (Son)

What computing platform is undergoing migration? (Andreessen)

Within the limits of physics, what is feasible? (Khosla)

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