SiliconValleyWangChua
vip

Continuously increasing one's opportunity cost means that once a new thing or new value system with significantly higher efficiency is discovered, one should unhesitatingly abandon the previously inefficient system and value system, regardless of any emotional memories and intuition that may have formed under the previous inefficient system. Abandoning the old ways may be temporarily uncomfortable, but not doing so will eventually result in severe punishment by objective laws, which may even be catastrophic. The more extensive and longer-lasting one's knowledge system is, the higher the opportunity cost is, and the less interested one becomes in blindly trying things out with low certainty. Choosing to lay low and keep silent gradually becomes a default habit without much thought. Various investment managers, VCs, workers, etc. basically do not consider increasing their choices and opportunity costs over time. They force themselves to do something every day and regularly force themselves to compete with their peers, even if the opportunities are not good, wasting resources on pointless activities. This is a structural defect and disadvantage. If the structure is not changed, one will always struggle within the predetermined constraints. If you look at the behavior patterns of these people, including your past self, from the perspective of waiting patiently and carefully selecting opportunities over a period of four or five years, it is easy to see the problem. If I know that there will be at least one bear market every four or five years, why should I force myself to participate in games that are noisy, diminishing returns, and increasingly risky? Why not stock up on some ammunition and wait patiently for the inevitable panic dumping and chaos? Once you get used to increasing your opportunity cost by extending your time horizon, your mentality is completely different from those who are struggling in constraints. Even if a few people temporarily have much higher scores than you, you will not be impatient at all. Because you always keep your opportunity cost exceptionally high, you are structurally more relaxed and sustainable than those who have pressure to hunt every day. Then you realize that being relaxed and sustainable is the goal, and high scores are not the goal. Busy and tired but unsustainable, even the highest score may disappear at any time. Being relaxed and sustainable, even starting from a low point, will eventually lead to an exponential rise and reach unimaginable heights.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)