Attached is a quote from Old Yang Jin: Make good use of arbitrage thinking, Investment profits go hand in hand. My understanding is: The real opportunity in the market lies in arbitrage thinking! What is arbitrage? Arbitrage is often not an obvious "hot spot", but hidden in system mechanism loopholes, asymmetric liquidity, and information gaps; For example, buying at market undervaluation and selling at cognitive premium; Transform obscure cognition into mainstream discourse; Exchange time for space (long-term holding vs. short-term fluctuations); Valuation differences between regions, platforms, and tracks; Or arbitrage of topic traffic among content creators. I think it's all arbitrage! Your way of thinking needs to be upgraded to be able to identify these "mismatches" in the market: mismatch of time, mismatch of cognition, mismatch of risk. Alright, what you're earning isn't luck, it's structural returns: it's like finding a bug in a game, whoever gets it in advance can easily get more wealth. So arbitrage thinking is not limited to financial "risk-free arbitrage", but a broad way of optimizing resource efficiency. let me put it another way: Arbitrage thinking is the ability to see through appearances and discover hidden value. When you have this way of thinking, your investment is no longer just about "luck", but "cognition", and naturally it is easier to make profits.