Why do profits and losses stem from the same source in the cryptocurrency world?

Naval says: Habits are everything.

We have accumulated tens of thousands of habits. These habits run continuously in our subconscious, while the cerebral cortex only has a little bit of thinking power left to deal with new problems.

If you want to develop or change a habit, start by convincing yourself on a cognitive level, rather than forcing yourself to 'persist'.

The accumulation of habits has a compounding effect; small changes in habits can lead to huge differences over the long term. Use 'leverage thinking' to filter habits, prioritizing the cultivation of high-value habits that can bring long-term compounding benefits, rather than low-efficiency busyness.

Naval has a few more points:

Learn different disciplinary thinking models for more rational and accurate judgments;

Strive to master unique skills required by society, or 'unique knowledge', which is distinctive, difficult for others to replicate, and can give you a competitive advantage in the market;

Use correct judgment to guide action; ordinary people often waste time on short-term thinking and meaningless heavy work, while those with high cognition will deliberate like Buffett for a year before taking action in a day.