Relative loss is more painful than absolute loss.
Classic scene:
Your investment: 0% return (no loss at all)
Colleague's investment: +50% return
Your emotional feeling: it feels like you've lost 50%!
Why is this happening?
Because in the ancient logic of the brain: relative disadvantage = decline in status = threat to survival
Even if you have no objective loss, the relative decline in status will still activate the brain's danger alarm system.

Many investors still feel that investing is a torment even when they are making long-term profits.
Does anyone know why?

The three major narratives of the Chinese people:
1) Hope for one's child to become a dragon
2) Take the civil service exam
3) Marry a rich husband

Different cultures have different narratives. Do you think that Chinese people are born diligent and hardworking? Do you think that Europeans are born relaxed and lazy? In fact, there are historical rationalities and inevitable environmental factors behind this.
The hedonistic narrative of Southern Europe advocates embracing the fullness of reality.
They deeply realize the finiteness of life, so they cherish every moment.
They understand the diversification and diversity of success, so they do not limit themselves to a single value standard.
The Nordic narrative of balance advocates for balanc

A person with an annual salary of ten million who is not happy every day is considered successful in social narratives, but may be a failure in personal experience.

Recently, inspired by memes (playing with memes, always referring to "what narrative"), I have started to view everything through a narrative lens:
What kind of narrative is as grand as a country? For example, the narrative of liberalism/individual heroism in the United States; the narrative of pursuing extreme beauty in despair in Japan; the narrative of civilization revival in China!
What is the narrative of a city? The narrative of Silicon Valley as a place of innovation, the refined narrative of Shanghai, the free and open narrative of Shenzhen, the internet celebrity e-commerce narrative

Is the narrative of animal internet memes or the narrative of name concepts?
Grand narrative or small narrative?
Long-term narrative or short-term narrative?
Innovative narrative or repetitive narrative?
Is the strong kol crazy milk narrative still relying on retail investors' self-entertainment narrative?

The core advantage of the small players is thinking + action, while the drawback is limited funds.
The core advantage of og/old money is having a lot of money, but the mindset, actions, and pace are not right.
I strive to see if I can integrate, combine, and form core competitiveness.

The multiple narratives of btc: "Code is law"

Decentralization is one of the greatest narratives of the 21st century.

Decentralization, anti-establishment, attention economy, AI/Artificial Intelligence - the four core narratives of the 21st century.

Satoshi Nakamoto's mysterious identification is one of the most brilliant designs in the Bitcoin narrative.

Li Kui = Absolute True Narrative.
elon musk=mission narrative.
Oprah Winfrey = personal growth narrative.
Sun Wukong = Reversal Narrative.
Trump = anti-establishment narrative.

"Water Margin" Li Kui's #叙事# : Absolutely true.
A person who has never been polished by civilization, a person who must vent their emotions when they arise, a person who loves simply and hates simply, and who kills if they want to.
He is like a beast that has just walked out of the forest, carrying the most primitive vitality, breaking into this complex world that requires acting, calculation, and compromise.
The terror of Li Kui lies in his purity, and the charm of Li Kui also lies in his purity.
Which is the purest meme when it comes to memes?

#btc# digital gold narrative
#fartcoin# Absurd Narration
#spx6900# Financial Rebellion Narrative
#useless# Honest Narrative
#memecoin# Track Occupancy Narrative
#startup# Philosophical Satirical Narrative
#pepe# Humorous Self-deprecating Narrative
#doge# A Purely Innocent Narrative
#debt# Patriotism/Vision Narrative

Good narrative + good price.
The former requires judgment.
The latter requires patience.

Top-notch narratives can transcend cycles.