The most profound lesson learned in this round is — don’t go against the market.

If the market believes the bull has ended, then the bull is indeed over. Sell first and ask questions later, or you’ll become a casualty of the trend.

AI Agents, despite their technology, are regarded by the market as MEMEs. If we treat them as value coins, the outcome will be very tragic.

$NVDA has a large market cap but a low P/E ratio, yet the market thinks it’s too expensive. If you don’t believe the market is trapped, then it’s your fate.

……

The truth is held by a few, but most of the world’s trajectories do not follow the path of truth. They may fluctuate wildly around the truth or stay far from it for a long time.

High emotional intelligence: Never underestimate the power of the mob.
Low emotional intelligence: Foolish consensus is still consensus — Li Xiaolai