Several thoughts on wealth:

1/ Respect wealth:

Relative to earning wealth, it is more difficult to preserve it. You must first respect it; you can use wealth to experience life, but do not spend it recklessly.

Remember, wealth is not endless. Everyone has their peak and trough periods, and wealth needs to be treated like a friend. During the low periods, it will help you.

2/ Cash is king!

In the long run, the most critical factor for investment success is not choosing the right sector, but how much wealth you have left to buy the dip when the market is in turmoil.

Most people's failures are precisely because they are fully invested in a bull market but have no bullets in a bear market, missing out on wealth and lamenting.

3/ Key points for wealth accumulation:

Patience, cash, courage, and planned preparation for the worst-case scenario.

Others, such as cognition, skills, and strategies, are all details and notes.