Source: CZ's new book "Binance Life"

Compiled by: KarenZ, Foresight News

On April 8, CZ officially released his new book "Binance Life: Memoir of Luck, Resilience and User Protection" (Freedom of Money). CZ revealed that the first draft of this book was written over four months on a limited-function laptop while he was in prison; the subsequent editing and refining took nearly six months until the final version was completed.

To know a person, observe their actions first. To truly understand someone, first see how they do things. In the appendix of this book, CZ specifically outlined 72 principles and ways of doing things.

1. Mindset:

1. Don't waste time – "not making a to-do list" is more important than having one.

2. Don't just focus on money; create value, and money will naturally come.

3. Make limited resources valuable – money is not the limited resource, reputation is.

4. Keep to the bottom line; don’t even touch the moral red line.

5. Treat others fairly; don’t take advantage, and don’t be taken advantage of.

6. Strive for long-term win-win situations; short-term wins can undermine long-term successes.

7. Focus; success depends on how well and deeply you handle a few critical tasks.

8. Stay away from "toxic" relationships – people who are high-maintenance should be let go.

9. Maintain a positive mindset – "When life hits rock bottom, just keep moving forward to get out."

10. Take responsibility; don't just "do tasks," treat them as "your own matters."

11. Keep learning; books are the highest return on investment for self-improvement.

12. Be an early adopter; enter influential new fields early.

13. Understand this world – don’t think in black and white; most things are gradients.

14. Don’t be fooled by labels; see through them and grasp first principles.

15. Respect hard rules – loss of reputation makes future financing and success difficult.

16. Have a global perspective – national boundaries are just man-made lines; make sure to have a global view.

2. Team:

17. Team is greater than individuals; prioritizing team interests benefits everyone in the long run.

18. Regularly rotate teams; don’t let organizational structures become rigid, and give new leaders more growth opportunities.

19. Internal competition is not a bad thing; just maintain professionalism.

20. Ordered chaos is also a form of order – overly rigid organizations innovate less.

21. Do more local team-building; sharing a meal is the best form of team building.

22. Provide feedback directly anytime and anywhere; a culture of open feedback is healthier than silence.

23. Avoid formal verbal encouragement; value the practical outcomes of "how well it was done", and use remuneration and other real benefits to provide feedback.

24. For reporting issues, set up a three-person meeting; ignore gossip and note poor reviews.

25. Recruitment: hire passionate, hungry, mission-driven doers.

26. Don’t try to motivate those without self-motivation; if you discover them, let them leave quickly.

27. Lead by example; people see what you do, not what you say.

28. Never micromanage; those who need micromanagement should be let go.

29. Hire based on credentials; after joining, assess only the results.

30. Remove the bottom performers; high achievers prefer to work with high achievers.

31. Use output as a goal, not input (work hours, tasks, meetings, etc.).

32. Don't take goals too seriously; the market changes too quickly; constantly set new goals.

33. Tolerate honest mistakes, but don’t tolerate cover-ups, excuses, or mistakes made from laziness.

3. Business and Cooperation:

34. Make business simple; collaborations with too many variables are likely to fail.

35. Say "no" early to useless collaborations to save time for both parties.

36. Move quickly, or give up – dragging it out is the worst choice.

37. Reject exclusive cooperation; those who ask for exclusivity usually lack confidence in themselves.

38. Always include termination clauses in contracts, allowing for exit paths, considering the worst-case scenario.

39. Always have limited liability; anticipate the worst-case scenario, not the best.

40. No exceptions; always treat all clients equally.

41. Passively expand business – if you’re good enough, others will come looking for you.

4. Communication:

42. Say "no" early and often; saying "no" is the most effective time-saving tool.

43. Start communication with purpose – "I want to…" and then see if background explanation is needed.

44. Writing (and written communication) should be concise and efficient: short meetings within 15 minutes, team meetings of 30-60 minutes, monthly/quarterly reviews under 5 pages, and reject fancy PPTs and slides. Blogs, articles, or books can be longer.

45. Prioritize messaging over meetings; if you can send a message, don’t call.

46. Avoid communication chains; go directly to the source; don’t listen to second-hand accounts.

47. A single message should be clear; don’t send multiple messages that cause several notifications for the recipient.

48. Don’t debate in chat; use video or voice calls for discussions if there’s a disagreement.

49. Too much communication is also not good; over-communication indicates that fundamental issues haven't been resolved.

50. Provide background when asking questions, clarifying why you are asking.

51. Include units, don’t make the other party guess – for example, "40,000 USD/year" is not "40k".

52. Keep meetings short; 5 minutes is best; if unable to achieve this, it indicates that mutual understanding hasn’t been found.

53. Start meetings on time; enter the meeting one minute early, set the alarm for 3:59, not 4:00.

54. Avoid introductions or background; get straight to the point – start with "We want to…".

55. Participants in discussions should be fewer than 10; too many people can slow things down.

56. Those who don’t speak during the entire meeting don’t need to attend next time; just review the meeting minutes instead.

57. Write down key points before the meeting; writing helps clarify thoughts.

58. Avoid PPTs; use key points and bar charts to present.

59. Reject purposeless "introductory/exploratory meetings"; only attend meetings with clear objectives.

5. Product:

60. Focus on users; without users, there is no value.

61. Only create products that can be scaled; start with MVP, and don’t proceed if scalability isn’t possible.

62. Everyone is a product manager; your job is to work on the product.

6. Public Relations:

63. Don’t make a big promotion on the first day of launch; wait until it has stabilized for a week before speaking.

64. Only promote things that have results; don’t publicize memos and letters of intent.

65. Announce when ready; don’t wait for so-called opportune moments – delays are costly.

66. Respond to reporters; if you don’t respond, they will write as if the worst scenario happened. If necessary, you can distribute your own statements.

67. Respond quickly to negative news; otherwise, it will spread.

68. Decision framework: first check if it touches on core principles, then classify as "big/small", "reversible/irreversible"; then assess whether you're an expert and if you have enough information, and finally conclude – "making a decision and executing is usually better than not making a decision." Classify different types of decisions to avoid "minor matters consuming energy and major matters being resolved hastily."

7. Rest, Stay Calm, Relax

69. Sleep: 5-6 hours at night + a 30-45 minute afternoon nap; when tired, relax and rest, don’t push through.

70. Stay composed; emotional fluctuations should be smaller than average – this is most useful under pressure.

71. Don’t pursue luxurious offices; high-speed internet, external monitors, standing desks, and phone stands are sufficient.

72. Relaxation and entertainment: exercise daily, enjoy snowboarding; watch movies recommended by friends; don't pursue luxury cars or jewelry.