Lunch: More than 80% of the returns come from value investing in leveraged spot stocks such as Maotai, Tencent, TSLA, BTC, and QQ Price investing is actually quite boring. Apart from reading and playing games, there's basically no need to watch them every day You need to be able to distinguish which things are mentioned less But it's actually very important Always emphasize that having a good beta is the key to having an alpha