Thinking of running out of time: no betting, no gambling, no gamblers

Editor’s note: This article is from WeChat public account “Dimensional Vitamins” (ID: Weixiaowei6), the author of the small vitamin masters.

Knowing that there was a question of praise: What has changed in your life in the past ten years?

There is a sentence in the reply. I am very impressed: I have been fighting for 10 years. Everyone said that the world is not worth it, but I still want to fight.

Yes, insist on fighting for 10 years, who can do it?

For example,
  Millet.

From establishment to the world’s top 500, it took 8 years, which is a very great thing.

Do you think Lei Jun really because the phrase “stands on the wind, the pigs will fly up”?

No, I think its success is based on the previous sentence of Flying Pig Theory –

Anyone who succeeds in any field needs 10,000 hours of hard work.

If there is no basic skill, talking about flying pigs is an opportunist.

If 10 years is not worth it, I still want to fight

For example, the “Appreciation of the public” is a must-have app.

I recently flipped over and found out that it was set up in 2003.

Today, it has been 16 years.

An old employee once commented on Zhang Tao, CEO of Public Comment:

There is no street sweeping for 10 years,

Nothing he insisted on when the capital boom did not flood into the Internet,

There is no living space for today’s public comment.

And its real user outbreak, but only after 10 years of operation, ran out in the 2012 O2O war.

If you can’t be friends with 10 years, the public comment has long disappeared into our field of vision.

In the final analysis, the so-called “long-term insistence on doing one thing” is really a very hard thing.

However, sticking to long-termism and looking at the problem in the final thinking is worthwhile.

Why? Let’s talk about it today.

Only “cake big game”

InvestmentDaxie Gao Lei Zhang Lei said a word: I don’t play zero-sum games, stay away from the “stupid X window.”

At first glance, this sentence is very advanced.

But it’s disassembled, but it’s not hard to understand—he divides the investment into two categories

  • One is a zero-sum game,

  • One is a cake making game.

The so-called zero-sum game means that the sum of the pay and the harvest is zero.

This is a concept of game theory. The characteristic is that after the left and right fights, it will return to the original state.

For example, a 5-year government bond with a face value of 1 million, the price fluctuates up and down, the buyers and sellers either earn or lose, and the final maturity value returns to 1 million.

This is a zero-sum game.

I don't think it's worth it for 10 years, I still want to fight

What is the game of making cakes bigger?

In a word, seek new things and create value.

Maximize corporate value in the ultra-long-term holding process, rather than focusing on short-term benefits.

For example, Amazon has a long-term loss, but the stock price is still growing, because of what?

Because investors have taken a fancy to the bright future of Amazon.

As early as 1997, Amazon Bezos told shareholders of the company:

Amazon is determined to be a company with long-term development.

All decisions made by the company will be based on long-term development and are definitely not temporary benefits

So, despite the ups and downs, running for 20 years, Amazon still ran into a long-term US stock.

I don't think it's worth it for 10 years, I still want to fight

Reversely, the ups and downs of A shares have finally returned to the original point.

Hey, I can’t help but sigh: The world is not worth it!

I don't think it's worth it for 10 years, I still want to fight