A reader left a message asking: "If I were to come across something new, what factors do I generally consider?" I also bought Duan Yongping's investment Q&A and found it excellent. NFTs also fall under the category of culture and communication. What books can you recommend? If I were to come across something new, I'd first consider whether I'm interested in it. If not, I wouldn't pay much attention to it. Only if I am, would I invest my energy. This is why I reiterated in my article the day before yesterday that every investor must find an area of interest. Only by finding your passion will you have the initiative to delve into it and discover your own opportunities. Due to different backgrounds, resources, and experiences, everyone's areas of interest vary greatly. What matters is finding the one that suits you best. In my NFT investment experience, I wrote that when I discovered the potential of NFTs, many KOLs in the Chinese language field were still obsessed with DeFi mining. My interest in DeFi was clearly less intense than NFTs, so I quickly transitioned to NFTs. However, many of those players have reaped extremely lucrative incomes from mining. They seized the DeFi opportunity, and I stumbled upon the NFT opportunity—each has benefited greatly. As the crypto ecosystem grows increasingly complex, I believe it will spawn more and more niche sectors. No single person can master and understand them all. Therefore, I believe it's increasingly important to identify your passions as time goes on. One doesn't need to, and can't, seize every opportunity; seizing one or two that you're proficient in is sufficient. Furthermore, if you have multiple areas of interest, you can further consider which of them offers greater prospects and potential, and strive to identify the one with the greatest potential. For example, in this current market cycle, I'm most optimistic about the combination of AI and crypto. I believe the combination of these two fields will create incredible results, so last year and this year, I've focused my primary attention on this niche. However, no matter which field you explore, it consumes considerable time, energy, and financial resources, and there's a high probability that all of these explorations will fail—this is the inherently huge risk inherent in cutting-edge exploration. Therefore, a final word of advice: before exploring new areas, be sure to have your ballast in place: Bitcoin + Ethereum; this is your most important safety net. Duan Yongping's investment Q&A and other related books (such as those by Buffett and Munger) are all excellent, but many of the content will be perceived differently by readers with different experiences, leading to varying insights. At least for me, if I hadn't made a ton of mistakes early on, I wouldn't have been able to resonate with the content in these books. So, I think these books are worth reading and revisiting frequently. The more experience you gain, the more you'll resonate. In yesterday's article, I quoted Duan Yongping's opinion on Buffett's reduction of his holdings in Apple. Recently, Duan Yongping also made another witty remark that's been widely quoted online: Duan Yongping said: "What's so good about Apple's financial report?" This quip has been widely used to comment on the second-quarter earnings reports of Moutai and Tencent. When I saw this, a similar thought immediately occurred to me: "What's so good about Bitcoin and Ethereum?" Later, I reflected on it and realized that without all these years of experience in the crypto ecosystem and my study of Bitcoin and Ethereum, I wouldn't have had such a thought.
Therefore, it is also very important to boldly try various investments after configuring a safety cushion.
Without experience, even if you see good advice, you will not be able to grasp it and see the essence of it.
There don't seem to be many books on NFTs on the market. At least I haven't read any books specifically about NFTs. I think the better approach may be to read more and learn more online.