Classic Rereading丨Continue Capital Pima "To the Military Class Book": There is no other investment secret, only to study it yourself

Editor’s note: Continue Capital is a well-known technology veteran in the circle, who has crossed multiple crypto bulls and bears, and this article is his “Letter to the Military Class”, which has been widely acclaimed. Today, PANews sorted out and resent it, I hope it will be helpful to you, at least cause you to think, please read the full text:

The military boss is sensitive and studious, diligent and selfless, which is admirable, and I feel that you have been addicted to a large amount of information and can’t extricate yourself.

I won’t repeat the importance of information, but don’t make the mistake of thinking that it is so important to summarize every day and capture key information. The so-called fleeting opportunity is the appearance, intoxicated by the disagreement quite because of the choking waste, what you see is the tactical level of the opportunity, and lost more strategic organs, what you need to do is to deduce the essentials from some Lecheng cases, through systematic theoretical training, guide investment instead of blindly following according to colorful information, Linyuan envy fish is better to retreat and close the net.

All of the above is on the abstract side, so let me give you a few examples to illustrate it. In 2016, Connecting Plaza Venture Capital USV a fat agreement thin agreement dispute, in one fell swoop laid the foundation for many people’s investment philosophy in the past three years, this outline document was not gradually known until the beginning of this year’s public chain dispute, in fact, as soon as it was born, it has been an important essentials article for many profound funds, and at this moment these funds are popular, such as USV, Pantera Capital…

The timing of participation in the secondary market, although there are still many imperfections in the currency circle, and there are many people who make a fortune without looking at the K-line, but it is more necessary for you to seriously study the investment concept and systematically study some financial / computer common sense. Holding strength, the importance of mentality, slow is fast, the valuation essentials of the traditional Internet industry (Metcalfe’s law, Zipf’s law). These are some important theoretical knowledge, in 2000 everyone did not know how to do PE, with several rounds of bull and bear transformation people realized the importance of PE, if in 2000 you revealed the PE valuation theory, can you still buy 48 pieces of PetroChina? If you don’t study these theories, I don’t study them, there must be a few people who study them, and it is these few people who probably survived;

Sidechain, sidechain is essentially a kind of cross-chain, we believe that in the current stage of development, sidechain has many problems in terms of security, stability, complexity and convenience. You can learn more about BTCRelay, Lisk, Ashi, Loom, and POA Network. What is the guiding significance of this example? That is, whether similar projects can be invested, definitely can, whether it is a thing that turns into a dragon, at this stage, we have a wait-and-see attitude. Perhaps with the iteration of technology, there will be a master of this field, and we will explore it again.

Someone has been exploring the code to get rich, others have reported you, do you dare to buy, do you dare to buy a heavy position, can your mentality remain the same when the heavy position falls… Therefore, only when you are familiar with the logic behind it can you have hills and valleys in your chest and not be disturbed by the outside world.

In the end, the strength of the system, perhaps the rate of investment theory is what you really need, the way of resonance, all laws return to the roots, and hope for success.

2018.07.06 Cattle herding class community