There are only two types of people in the financial world who can leave a lasting impression on history: those who have made a lot of money and those who have lost a lot of money. And what people enjoy the most is the third type: watching those who have made big money lose it faster. In 1999, Alibaba in Hangzhou Sun Zhengyi and Jack Ma met for the first time, talked for 6 minutes, and decided to invest 20 million US dollars. At that time, Alibaba had zero revenue, zero business model, and didn't even have a business plan. He later described the moment in an interview: "His eyes were very powerful, shining brightly. I could feel his leadership qualities from the way he spoke His investment relies on intuition, not financial reports, but his eyes. There are three types of people mentioned earlier, and Sun Zhengyi is the third type of person - he can only make a profit after losing money. Sun Zhengyi is one of the most difficult figures in contemporary investment history to be 'archived'. He created both the largest single return in the history of human venture capital (Alibaba) and the largest single failure (WeWork); He once lost $70 billion in the Internet foam in 2000, and was recorded by Guinness as "the person who lost the most money by one person in history" for 22 years (until it was broken by Musk). He bet $500 billion on AI's comeback 25 years later. In the world of value investing, Buffett, Munger, and Duan Yongping are "positive teaching materials" - they teach you how to control your emotions, how to wait, and how to do the right thing within your ability circle. But there is a type of investor whose existence itself is a mirror: they embody all the strengths and weaknesses of human nature, and magnify them to the extreme. Sun Zhengyi is such a person. He has a quote that has been repeatedly quoted: 'There is no one in the financial world who loses more than me, nor does anyone earn more than me.' To put it in a metaphor - Son Masayoshi is like a 'Schr ö dinger's cat': he spent most of his life in a superposition of 'losing big money' and 'making big money', the problem is that no one knows which one he will see when he opens the box now. His stories are captivating not because he is' always right '- on the contrary, he is often absurdly wrong. What is attractive is: why can someone who openly admits to investing based on intuition, making decisions in just 6 minutes, and being ridiculed as a practitioner of the "stupid theory" stand up repeatedly for over 40 years, and still bet their entire fortune on AI at the age of 68? If you, like me, have ever neglected prices in investment due to FOMO heavy holdings, fear of cutting meat, or 'I am optimistic' - then you will also be like me, crazily trying to understand Son Masayoshi, essentially understanding the unwilling shadow on ourselves. I even thought at one point that I should change my name to Yu Masayoshi ..... Those interested can directly read the ten thousand word full text to understand the world's most FOMO man, "Son Masayoshi: The Madness and Awakening of the King of FOMO" https://mp.weixin. (qq.com)/s/vBBawiEcbxt_hvCanVypKw