Dajia Picks

The author (friendship link) briefly shared their experience of being tricked by China Merchants Bank's precious metals department into opening a leveraged trading account. Money was being deducted every day, for 10 years straight... trapped for 10 years. Fortunately, they had enough assets to weather it.

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When in doubt, stay away from investment products you don't understand. For ordinary people, funds and stocks are already high-risk—steer clear of more niche products.

1. Organize industry development conferences (topics that are particularly appealing). If you don't invite friends yourself, you'll need to pay for tickets; but if you provide three or more friends' email addresses, you can participate for free. (In overseas markets, you can run email-based marketing campaigns.)

2. Offer lottery tickets as incentives for user engagement—for example, users receive lottery tickets after placing an order.

Based on this real problem, outline your current actions and next steps.

According to the news reports here, Uber’s success goes beyond its business model; its most important market move was cultivating political relationships to legitimize what was previously illegal, even achieving regional monopolies, and using those connections to confront government regulators. It’s a perfect illustration of the capital-and-power games we see in American TV dramas. (Season four of House of Cards seems to focus heavily on this.) Read original

What should you consider before any capital goes in?

First, figure out how you'll exit.

An exit is who takes your position and from whom you pocket your profit. If that isn't clear, you can't put money in.

Morality is about holding yourself to a standard—it is not a license to place yourself above others.