Human loss aversion: the tolerance for losses is more than twice that of gains.
If you buy at a limit-down and the price keeps falling another 50%, you’ll hold the position because loss aversion stop…
Ordinary people must have experiences; without them, enlightenment is impossible. The vast majority grow through life experiences—only a rare few achieve direct awakening by simply contemplating the formulas.
Life is not a marathon; it's more like a rally race, with many different stages.
Having those who've already succeeded and control societal resources communicate with you—that itself is learning. Filling in the practical nuances beyond formulas and theorems—that's also learning. This is another dimension of learning, another world: the world of application, where theory meets practice.
Usually the fairest thing is also the most useless—that's inevitable.
Because globally, fairness doesn't matter — there's only one winner.