Low price? Low valuation? Does that mean high odds?

There was indeed a period in the market where, whether in early U.S. stocks, or in my A-shares, or even in the previous cryptocurrency space (like altcoins on Binance), as long as the bear market had fallen enough, mindlessly buying a bunch of small stocks was a high-odds investment.

But times have changed. In any market where the number of investment targets has significantly increased and is becoming more mature, such mindless money-making operations will no longer exist.