The truth about value investing is worth reflecting on

Common investment rhetoric packages value investing as sacred, but once you peel back the layers, its core is simply a buy low, sell high trading logic. Instead of following advice from successful figures like Buffett, it's better to study gambling probability theory—the fundamental idea is actually quite similar.

That might be an overstatement, but the reality is: if Buffett had been trading derivatives in the crypto space since 2017, he probably wouldn't have avoided losses. The applicability of value investing theory in the crypto market is limited; volatility and unpredictable factors far exceed those in traditional finance.

Rather than blindly learning so-called investment philosophies, it's better to admit that this is a game of probabilities. Understanding trading logic, risk management, and market psychology—practical knowledge—may help you survive in the crypto space more than rigidly adhering to value investing theories. Of course, going back to farming is always the safest choice.