This theory is really bad to the bone! Deliberately deconstructing long termism into an advanced game that only qualified people can play, while ordinary people can only engage in survivalism first, I don't know if this bullshit viewpoint that opposes survival and long-term survival is intentional or not, it's too bad. If an ordinary leek were to make such remarks, they would be left to their own devices. However, as an opinion leader with nearly 100000 followers, the harm of using such values to show others is unknown. one ️⃣ The concept of ordinary people waiting for the opportunity to leap into class is infinitely approaching zero! The premise here is ordinary people! Let me ask you, what are the opportunities for ordinary people to enter the market? What did everyone think of? goods in stock? Contract? A stock? Active fund? Index fund? Various derivatives? Meme？ Wait for a series of financial products. Speculation directly based on your words? So, wait until the opportunity arises and do it hard? This sentence is too nonsensical. This sentence is easy to say. In the message section, how many people have waited for such an opportunity? Isn't it funny watching movies that everyone is a superhero? Do you not know that one will achieve great success and ten thousand bones will wither away? Can everyone wait for the opportunity to get results, and can the market still be called a market? The market is unbalanced. The opportunity to earn a lot of money is scarce resources, which can only be obtained by a few people. These people are not ordinary people. It's difficult for ordinary people to get results. Let's not talk about the cryptocurrency industry. Even in the US stock market, which has been steadily rising for many years, only a few have achieved results. You can take a look at this data: Out of the 6000 companies listed on the US stock market, over 180 companies are delisted each year, which means that 3% of the companies' stocks disappear each year. If the time window is extended to 40 years, half of the companies will go bankrupt. Therefore, in the long run, the probability of bankruptcy for the stocks you hold is very high. I don't need to say how much each round of bull bear exchange in the cryptocurrency circle will return to zero. If you study the data yourself, you will know that the concept of ordinary people jumping into class when they have the opportunity tends infinitely towards zero. two ️⃣ Ordinary talents are the ones who should be the most long-term oriented. The statement that only by surviving can one be qualified to talk about long termism itself is correct, but the conclusion is wrong. The essence of the fallacy given by my friend is that he did not move at all. What is true long termism. Longtermism has always included cash flow, insurance, low leverage, diversification, less fuss, long-term learning, health management, and relationship maintenance. It's not just cash flow that's called long termism. So long termism is not exclusive to those who have accumulated wealth, but rather what ordinary people need more. Once the rich make a wrong judgment, they still have assets, resources, relationships, and information channels to support them; Ordinary people entrust their lives to short-term fluctuations and uncertainty. If a short-term speculation fails, they may not be able to recover for several years or even be able to turn the tide for life. Such cases are abundant. Think about whether there are so many people around you like this. On the contrary, if an ordinary person earns 20% of their salary every month and does not affect themselves, they can find a benchmark for investment. Choosing the right target is not difficult, because everyone knows what a good asset is, but they are unwilling to gradually become rich. Whether it is the Bitcoin Nasdaq Index or the SP500, if you let AI calculate the compound interest for ten or twenty years, you will be surprised. For example, as shown in the figure below: If you had started investing 100 yuan per day 15 years ago, you would now have 804 million yuan. If you had invested 100 yuan per day in the Nasdaq 20 years ago, you would now have assets worth over 6 million yuan. Moreover, time and energy are limited. With the extra time, you can strengthen your body, talk to more girlfriends, accumulate connections, enhance your cognition, and have fun playing. It looks simple and it's easy to do, but human nature pursues huge profits and doesn't accept getting rich slowly. I have shared with everyone that my wife has earned over three times more in the past few years through her regular investment, surpassing 90% of the people in the industry. However, my wife hardly understands what Nasdaq and Bitcoin are, just when I told her to do so, she firmly followed through. three ️⃣ What should we do exactly? Short term games that compete for information, speed, funds, emotions, and trading systems are not the advantages of ordinary people. The truly replicable path for ordinary people is not to seize opportunities every time, but to improve their income capacity, control debt, maintain cash flow, allocate high-quality assets, and reduce erroneous decisions in the long run. So the more ordinary it is, the more it requires long termism. Isn't it because of the advanced nature of long termism that investment is considered advanced or not? Because short-term ism is too his mother expensive and the success rate is too low. Furthermore, survivorship is not the opposite of long termism, as it is already a part of long termism. Carrying a mortgage and fantasizing about turning things around in the short term, isn't that sick?