Any profitable good thing is initially done by smart people, and later smart people make money, attracting more and more 'pig teammates' to join. A futures expert said, 'The opponent's position is not scary; what’s scary is the pig teammates.' The problem with pig teammates is that they generally have very high leverage and poor or no risk resistance, and the significant fluctuations in asset prices are caused by these people. Therefore, the old saying 'When others are greedy, I am fearful' should be changed to 'When pig teammates are greedy, I am fearful.' The objective existence of pig teammates and the objective existence of significant price fluctuations are not subject to human will.
Identifying pig teammates in the market and observing their trends can guide one's risk management.
Those who cannot enjoy solitude are easily bound and manipulated by the opinions of outsiders.
The courage required for independent thinking is fundamentally the same as the courage required for 'others fear my greed.'
Independent thinking often goes misunderstood by those around you for a long time, just like purchasing high-quality assets when prices remain underwater for an extended period.
Being bound by the opinions of outsiders is essentially akin to chasing asset bubbles out of fear of missing out (FOMO).