Investment risk isn’t defined by the returns shown on paper, but by what investors actually hold.

The risk of an investment isn't determined by the return rate listed for you. The risk of an investment is determined by who ultimately receives your money and what they actually invest in.

In reality, there's only one way to profit from investing: you understand what you're doing. When you understand it, you can see how it makes money. Every place you don't understand is a potential pitfall waiting to trip you up.

Hedge

It’s about hedging between a “PUBG strategy” and a “loot-grabbing strategy,” rather than sticking to one approach.

People are naturally drawn to doing things thoroughly rather than leaving them incomplete

You're familiar with one circle. If another unfamiliar circle offers you a spot with the same salary, would you be interested? You wouldn't. Because you feel it's better to stick with what you know. Switching circles means learning so many new things, and just thinking about it fills you with fear. Often, it's not just fear—it's very likely you'd suffer immediate losses.

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