Why is it said that one cannot learn from experience, but must learn from principles? Because experience is often worthless, and one reason is that the current environment is constantly changing. This is mainly because you cannot distinguish between signals and noise in experience, and sometimes you can easily fall into the trap of empiricism. Today, teacher Liu Run's official account also wrote this passage with deep feelings: experience is useless in judgment, but reading is the only useful thing. He gave a counterintuitive viewpoint: humans actually lack the ability to understand, and what we think of as understanding is essentially a call. If your brain lacks sufficient resources to call upon, it is easy to fall into the trap of empiricism and be unable to extricate yourself. However, if you read enough books, install enough top-level models in your brain, and encounter difficulties again, you will no longer call upon the life experiences that the neighboring old king keeps repeating, but the smartest batch of brains in human history for thousands of years. For example, when I first entered the industry, I made a lot of money due to the popularity of ICOs. However, when the market quickly declined, the ICO business model was no longer effective. Nevertheless, I still tried to invest in this way to make a profit from the downward trend, but the result was very unsatisfactory. The money I earned by luck was indeed lost back by strength. At this point, path dependence and empirical traps were formed. So copying experience is a foolish thing, we need to learn the principles. The principle mentioned here is quite different from the so-called 'wisdom'. Principles are things that have been experimentally validated and peer-reviewed. The best way is to read more books, to read profound books combined with one's own path and experience, which may lead to moments of awakening. For example, do you want to take good care of your child? You need to read 'Developmental Psychology' to understand the structure of the brain. For example, do you want to lead a good team? You need to study the psychological motivations behind management studies. For example, do you want to make money? You need to understand the underlying business model of wealth transfer. The reality is that many people are not willing to spend time learning principles, but dare to invest millions of dollars based on experience to do business. If they make tens of millions of betting investments, how much money do they have to lose?