Altman is right; luck also follows the Kelly formula.

The more you try, the more you fail, the more you improve, and eventually, you'll seize an opportunity with an extremely high return ratio (the earlier attempts are all aimed at enhancing execution, cognition, and decision-making skills). It would be a pity to miss out at that time due to cognitive issues.

This is something I really want to express. Most people just don't try enough, or they put a heavy investment into something right away, only to find it’s something that no one cares about, resulting in a large input with minimal returns. That's why I really like the MVP model, because for anything, you can validate with very few resources at the beginning using the MVP model.

Everyone can share in the comments about the biggest opportunities you missed during your investment or business endeavors. For example, you may notice that someone else, who seems less capable than you, ends up achieving better results, often just due to a personality trait or characteristic advantage, along with your own misjudgment.