Now that I am over fifty, I have basically reduced my hands-on work in the past two years. My work is mostly observation and thought, making decisions only when necessary. Most company matters are left to a group of young people to tackle, while I try to influence a few old colleagues who have been with me for many years to observe more, think more, and learn more.

In my thirties to forties, I thought I was inherently unsuited for investment. In the early 2000s, to start a business, I gave up a duplex I had my eye on on Changshou Road in Shanghai, which I remember cost over 700,000 in total. Before that, I had earned hundreds of thousands from working, and I gave that up to start a business. Half a year later, my new company consumed over 100,000, and that apartment turned into a million-level property. At the end of 2003, I bought a pre-sale apartment in Changning, Shanghai, with a down payment of over 100,000, at 6,600 per square meter. Less than a year later, my company ran out of money, and I had no choice but to list it for sale. After waiting half a month, I was notified to sign an agreement to sell the house at 7,500 per square meter. This was quite dramatic; the seller signed and paid on the spot, and I considered it solved. My wife and I then strolled along Tianshan Road, walking over a kilometer when we saw a real estate agency's window displaying selling information. The community I sold (I think it was called Tianshan Lijing, but I can't quite remember) had the same house type listed at 13,000 per square meter. I couldn't be bothered to investigate the tricks involved; even if the lawsuit went to court, it would still favor the buyer's coordination, and I would just pay an extra 50,000 to settle. At that time, I felt like an idiot regarding investment valuation and situational judgment. Forget it; I won't overthink it, I'll define myself as unsuited for investment and focus on running my company.

Hard work pays off for a reason. In 2005-2006, I bought a house again with the 200,000 earned from a year of down payment saved, located outside the ring road, to provide a stable home for my child born six months later. In the following years, the company developed quite quickly, and I invested my entire body and mind into it. I only took time off during national holidays to look around, and when I saw a house I liked in my hometown in Shanghai, I had enough spare cash, so I made the down payment and then returned to work. I instructed finance to handle the remaining payment monthly, and within five years, it was paid off.

I know they are rising, but making money during the company's growth period is faster than what they earn, so I don't pay attention. I just conclude: it’s still reliable to work for money, while investment is just a bonus after having money.

I think it was around 2015/2016 when I was encouraged by an old classmate from an investment bank to buy a news stock, combined with a recommendation from my friend Wu, a well-known retail investor in Shanghai. With professional recognition from friends at several securities firms, I invested 1.6 million with 100% leverage. As a result, I encountered one of the worst stock market crashes in history, and within a few days, I lost everything. This taught me a lesson: no matter how strong your understanding and basis are, don’t make decisions on behalf of the market.

I like to engage with new things. Ten years ago, in 2011 or so, I can't remember exactly; anyway, during that time, several exchanges were still domestic. I engaged with digital currency, opened an account on Huobi, invested ten thousand dollars to buy Dogecoin and Shiba Inu, and it multiplied ten times in a month, which scared me. I thought I was operating with a risk-averse mindset. Then the country issued a ban, and I lost everything in three months. This incident made me realize that the biggest risk comes from developments beyond your understanding. Even in a decentralized system, personal ability is insignificant under the pressure from higher levels.

After the pandemic, semi-retired, I picked up this digital currency again, using spare money to experiment, focusing on learning. Although various gimmicks are mostly illusory, it's important that we understand what's going on, right? I've also told a few old colleagues to learn more and keep up with the times, but I haven't urged them to trade cryptocurrencies, fearing they can't control their hearts and hands.

I’ve been writing posts here for a while, with not many fans but a steady increase in followers and views. My purpose for writing posts: I don't want to see some simple-minded young people going down the wrong path and getting stuck in a pit they can't climb out of. This forum, to be honest, is chaotic, filled with boasting, incitement, and deceptive scams, with many red-eyed gamblers treating this as a gambling venue. Every day, I see waves of young people gradually sinking, erasing their future opportunities. I feel a bit angry, regretful, and helpless.

So I write posts, trying to present some sound ideas and viewpoints for everyone to see. If I can provide even a little reference, helping to reduce losses or even gain benefits, that’s a good cause and effect.

Now to the point!!! I'm not after your money; I hope everyone is well. I think and analyze with care and write thoughtfully. Dear readers, you need to like it! At least I can know how many of the hundreds or thousands of viewers agree, right? Ha!

Stay away from single-client businesses, scammers, and stubborn gamblers; you are not welcome here.