Do you want to become a winner in the crypto and stock markets?

Today, let’s talk about successful people in the investment field. Are they choosing to become strong or geniuses? Both can be considered successful investors. But this time, we focus on ordinary people like everyone here—should they choose to become geniuses or strong, and which path is easier to succeed in and more suitable for ordinary people.

So, what is a genius? A genius refers to someone with a keen sense of business, strong intuition about industry changes—like a musician’s feeling for music, that is, business instinct. Some of this is innate, of course, related to experience, but some things are like music. If an ordinary person doesn’t have musical talent, no matter how hard they practice, they will reach a point where they cannot improve further. The same applies to sensitivity to business.

Of course, ordinary people need to work hard, but if they lack that innate talent, effort alone isn’t enough. If someone has talent and works hard, they can become a very talented investor and make a lot of money in the crypto and stock markets. These people are very sensitive to changes, especially in emerging industries, just like their sensitivity to music’s sound and tone.

However, unfortunately, such people are rare, which might actually be a good thing for ordinary people. Because even with this talent, it doesn’t guarantee success—only increases the probability. There’s an element of change here; sometimes, what you see might be correct, but luck plays a big role, with many factors involving luck. For example, changes in consumer behavior—sometimes consumers show irrational changes. Also, suddenly, competitors you didn’t know about might enter. You buy a coin or stock from Company A, and suddenly Company B enters the market. This can overturn the industry’s technology.

Just like Pinduoduo’s impact on JD.com, or how Suning was dominant 20 years ago—who knew Alibaba would rise and replace them? So, in some aspects, they didn’t know; it was uncertain. Although they have some talent, talent can only take you so far, and luck plays a significant role in many areas.

Some believe, “I understand technology, I know how.” But in many industry changes, the companies with the best technology often end up being eliminated. I won’t elaborate here, but for those with engineering backgrounds, having good technology doesn’t necessarily mean a company will succeed. For example, BYD’s sales haven’t been ideal so far, but their technology is relatively advanced in certain areas domestically. Despite large investments, including investor funds, government subsidies, and loans, their development is still uncertain, and future prospects are unclear. Meanwhile, in regions like the US, many high-tech companies with excellent technology may also be eliminated eventually.

Microsoft’s technology isn’t outstanding in some aspects, but it dominates the industry. So, luck also plays a part here. Additionally, people involved in growth stocks and markets tend to focus on change, future, and expectations, but many growth traps exist. The biggest problem with growth traps is that they are numerous in the crypto and stock markets, and once caught, the consequences can be severe.

A coin or stock might drop to 1% of its original value after purchase, or even go bankrupt. But dropping to 1% is quite normal. The unfortunate part is that this situation, and the so-called “Davis Double Kill,” are similar because growth stocks often have high P/E ratios, and poor management can lead to a “Davis Double Kill.” Many market participants, due to human nature, believe they are geniuses. Everyone has an illusion of understanding.

However, very few truly understand change, internal survival logic, and development logic. Most people can’t judge whether they have this ability. Often, many people don’t seek to understand deeply, which reflects human nature—they are unwilling to analyze diligently and only chase hot topics. Because these growth stocks seem to bring quick returns, satisfying their desire for overnight wealth, as they might hit a daily limit-up or other gains in a day.

So, they chase growth stocks, but they lack the actual ability. No wonder, then, that 90% of people in the crypto and stock markets lose money—that’s the reason. Many are arrogant and ignorant, acting as if they are geniuses. We often say, “If you don’t have a diamond drill, don’t undertake porcelain work,” which is the same principle. If you lack sharp sensitivity to change, don’t do it; don’t think you can. If you can’t stay ahead in this changing environment, it’s very hard to make money in this industry.

Therefore, for ordinary people, this is a very high threshold. Buffett said, “Don’t cross a 7-foot bar,” meaning very few can analyze changes accurately. This threshold is very high—it’s nearly 100 meters, and most people can’t get over it.

Another aspect is strength. Unlike talent, strength isn’t strongly related to innate ability. Many talents are born, but anyone can become strong. Like waking up early every morning to exercise—everyone can do it, but sticking to it daily is not easy. Becoming a strong person is similar; God is fair, giving everyone a chance to become strong, but whether you succeed depends entirely on yourself.

If you can’t even conquer yourself, don’t expect to beat others in the crypto and stock markets. It’s like in warfare—if you can’t conquer yourself and become strong, you can’t defeat others. So, winning over enemies starts with winning over yourself; this is the only way. Therefore, you must work hard to become a strong person, or you’ll find it difficult to succeed in other fields. In investment, being a strong person means doing your best—doing what you should do, then leaving the rest to fate.

Many other programs talk about “leaving it to fate.” So, what does “leaving it to fate” mean? It means that many things are known only to God—like predicting whether the market will rise or fall, or macroeconomic trends. These are very complex. Ordinary people find it hard to do; if you’re not a genius, you can’t accomplish such things. Even for things like market prices, only God knows for sure. So, don’t try to do these things; leave God’s work to God. The only thing you can do is do your best—focus on what you can control. This is something everyone can do, as I’ve said elsewhere. So, what exactly should you do?

First, you need to know yourself—understand yourself. That’s what makes the crypto and stock markets a kind of cultivation—it’s about this. Strong people must understand themselves, be clear about their situation, know what they can and cannot do, and recognize that they are not geniuses. Therefore, they won’t guess or predict market prices or chase hot concepts because they know they lack that ability.

So, strong people first need to know themselves—what they can and cannot do. They must admit what they can’t do, which reduces the chance of falling into traps, lowers the risk of failure, and increases the chance of success. Additionally, strong people know not only what they can’t do but also what they can do and should do.

For example, they should study and research the industry, focus on specific companies, and be dedicated—don’t be fickle. Human nature often involves frequently changing investments, especially in crypto and stock markets. Retail investors tend to trade frequently, influenced by market news or emotions, making quick decisions. A common reason for their failure is a lack of focus, leading to frequent switching of investment targets.

Therefore, it’s recommended that investors focus on specific companies because most successful wealthy individuals have accumulated wealth by concentrating on a few high-quality companies. Focusing on one’s capability circle is key to improving ability. Without focus, it’s hard to make significant progress in a particular field. Similar to investment, a person isn’t entirely self-sufficient in other matters either—they need professional knowledge and skills. One should focus on their professional field and use earnings from work for other investments or consumption.

Just like TVs are made by specialized manufacturers, phones by phone factories, and food by farmers—each field has its own professionalism and irreplaceability. Therefore, individuals should focus on their strengths—for example, a software engineer should deepen their programming skills. This principle applies broadly across many professions.

This is the rule of civilized society. For ordinary people, survival depends on focus. The same applies to investing—don’t be overly ambitious. Avoid researching industries or companies only after their prices rise. This delayed approach is inefficient and can cause missed opportunities. Even if diligent, it can’t fully offset the negative effects. Success in investing isn’t solely about effort or intelligence; even high IQ individuals can’t master multiple industries at once. So, focus and choose a field that suits you are crucial.

Therefore, investors should avoid self-deception—focus on future learning and growth, which every investor should develop and practice. Also, stay humble, avoid ignorance, and work to overcome human weaknesses. Focus, don’t frequently switch stocks. Choose a few companies in a particular industry and stick with them. Additionally, investors should understand their own human nature, especially cultivating patience—an essential trait for successful investing. Good companies often need time to realize their value; investors must be patient and wait for market prices to return to reasonable levels.

Many believe that high-quality companies like Moutai will keep rising, but in reality, any stock or coin can fluctuate and pull back. Moutai has also experienced declines before. In 2012, 2013, and 2014, it fell, and for a long time, no one bought it—like trash on the ground, nobody picked it up. Don’t think it has no chance; it will have opportunities if you wait patiently.

When the time comes, don’t follow the crowd or blame the media. Herd mentality and short-term price focus are common human traits, but impatience is a significant weakness. Overcoming and conquering these is something every investor can and should do. The key to cultivation is avoiding blind conformity and developing independent thinking.

I hope everyone can develop independent thinking through investment practice, forming their own investment judgment. This habit isn’t just for investing but applies to all aspects of life. Blindly following others and lacking independent thinking often lead to poor investment decisions and adverse outcomes.

To become a strong investor, the primary condition is clear self-awareness—know your investment abilities and boundaries, understand which fields to be cautious about, and which are worth deep research and investment. Also, cultivate the ability to overcome human weaknesses, including patience, waiting, and focusing on comprehensive company analysis—covering financial, operational, industry, and management aspects—these are essential for success.

Conquer these human weaknesses and always believe in the existence of Mr. Market. I’m not suggesting blind superstition, but always believe Mr. Market will make mistakes because human nature hasn’t changed. For thousands of years, human nature has been the same—when panicked, everyone fears; when crazy, everyone rushes to buy. So, believe in Mr. Market: bear markets will come. In bull markets, be aware that bear markets will arrive, and bull markets will end. You must firmly believe this; otherwise, after prices rise, you’ll chase the rally and eventually fall into trouble.

Therefore, conquer your own human nature. Strong people are those who conquer themselves. They have self-discipline, are strict with themselves, tolerant of others, and don’t complain easily. Strong people don’t complain lightly and have strict standards for themselves. They focus on improving their inner cultivation, including investment philosophy and mindset adjustment. They know what they can and cannot do, and when they can do something, they must persist and focus on it.

Also, don’t complain about others—if your stocks or coins don’t perform well, don’t blame the company for fraud. Study carefully to understand the company’s situation; as long as you’re not greedy, you won’t be deceived. If management is indeed fraudulent, verified, then it shouldn’t be ignored. However, frequent complaints often reflect an evasion of responsibility—they haven’t deeply researched or understood the company. That’s just their excuse; in reality, they are weak. Weak people like to complain about others and never admit their own mistakes—that’s weakness. Strong people and weak people differ significantly in investment behavior and mindset.

Strong people are confident. As their abilities grow, their confidence in specific stocks and investment systems also increases, and these two reinforce each other. Weak people often lack independent judgment and tend to follow the crowd, influenced by market sentiment and public opinion. When stocks or coins fall, they blame external factors like management deception or manipulation, rather than examining their own strategies and risk controls. This is typical of weak investors, and we should avoid falling into this mindset.

Strong investors focus on in-depth analysis of specific companies, especially those with growth potential. They carefully study financial statements, analyze past performance and future prospects, and understand industry competition and trends. Through continuous research and patience, they wait for the right moment to invest.

Strong people have clear self-awareness, know their investment abilities and boundaries, and understand which fields to avoid. Geniuses are rare; ordinary people shouldn’t chase hot topics or trends or pursue so-called growth stocks casually. If you want to succeed, aim to become a strong person.