English
15879
 「Justin Sun should be a relatively controversial figure at present, but some of his views and thinking are worth learning from. He was born in 1990 and graduated from Peking University and the University of Pennsylvania. He founded the blockchain project Tron in 2017 with the goal of promoting the development of decentralized finance and the encryption era. As of 2025, he is promoting Tron to be listed in the United States. He announced that he would invest US$100 million to deploy TRUMP, the meme currency project launched by US President Trump, and integrate it cross-border with the encryption ecosystem. He is a very high-profile Chinese who is well versed in marketing. He is also a person who implements the path to wealth step by step according to his own life strategy. 」 The following is the learning content for the benefit of readers. He shared it in 2016； Risk and return have always been "twins". In fact, in work, career and investment, we generally hope to avoid great uncertainty and risk and create room for profits and gains. But in fact, we sometimes forget that returns without risks do not exist at all. Uncertainty is destined to be accompanied by subversion and destruction. To a certain extent, uncertainty is bound to be accompanied by risks, and even greater risks. So in fact, risk and return are a pair of twins, equivalent to two sides of the same coin, so often when we think about this problem clearly later, when we encounter various problems in life, in fact, I even have a project. The biggest question I often ask is to first ask how big the risk is in this project? If there is no risk, it is often not worth doing it. So from this perspective, the most important thing about investing is to see the risk of something rather than the return of something. For example: For example, the Bitcoin we invested in at the earliest stage had one of the most important characteristics, that is, it posed a very big challenge to the entire human legal currency system and financial settlement system. This is of course also a very big risk, because if it fails, wouldn't there be nothing? But it is precisely the big challenge he raised that gives Bitcoin itself a certain degree of profit margin. So this is one of the core reasons why I look back and think that we can make money by investing in Bitcoin. This extends to a more critical understanding: That is, we have to criticize a myth about stability, because my parents have actually taught me that stability is very important since I was a child. The word stability actually comes from a word called 'safety net', which is a vocabulary in industrial society called "safety net". In fact, we will see in the end that this "safety net" not only does not bring any benefits to those who rely on the safety net, but often brings devastating blows to those who rely on the safety net. Therefore, as the old Chinese saying goes, it is often said that blessings and disasters depend on it. On the surface, it looks like a blessing, but it is actually a catastrophe. Many people often fail to realize this. This safety net in industrial society, including the United States, is known to everyone. For example: social security and welfare systems, these are often what we call security. Finally, we found that first of all, the welfare system has a "poison effect", that is, people often rely on the welfare system, and people themselves will no longer have any ability to create value after a long time. So in fact, the welfare system is equivalent to abolishing it to a certain extent. In fact, we have discovered in real life that a bigger phenomenon is that the welfare system itself is unreliable. A welfare system that has been running for up to twenty or thirty years will basically be on the verge of collapse. It will collapse very quickly, and then the people who rely on this welfare system will be thrown into the abyss. So in fact, when we all understand the freedom of wealth, I remember I told you in the first chapter that freedom of wealth means stability and solidity? no. Wealth freedom is precisely the most challenging form of uncertainty, and to a certain extent, wealth freedom itself is a set of favorable mentality for facing this era of uncertainty, or a set of mentality that can bring you a sense of security, which itself is the true meaning of wealth freedom. So from this perspective, we will do two case studies, which are people's future career choices. We believe that you must not take the civil service exam or choose a state-owned enterprise, and you must not tie most of your future to other people's welfare or the safety net of any industrial age such as the state. If you choose this way, you will become a victim of social change. The term "victims of social change" was actually used in China in the 1990s. Everyone knows that our country's state-owned enterprises were reformed and a large number of state-owned enterprise workers were laid off. This was what we called a social change at the time, and they became the victims of this social change. Of course, I think there are various problems that exist in the reform of state-owned enterprises. When I come back to review today, there are definitely many problems that need to be solved. But I think one of them is that state-owned enterprise workers have brought too many safety nets to state-owned enterprise workers, so that after adapting to this system, state-owned enterprise workers can no longer adapt to the outside environment. So I personally think that in this era, including many of my classmates, they are all civil servants. In fact, when I graduated from college, taking the civil service examination was still a mainstream in our Chinese society, and entering enterprises and institutions was also a mainstream in the entire society. Including me, because I graduated in 2011. When I graduated in 2011, it was probably even the peak of China's "national examination". It may be a little better now, but the vast majority of very outstanding students have gone to state-owned enterprises and become civil servants. I think in this era, it is very likely that young people of this generation will become victims of social changes when taking exams for state-owned enterprises and civil servants. Of course, this view of mine may be more reasonable until we can observe it in 10, 20 or even 30 years. Finally, I would like to reiterate a core conclusion: That is, uncertainty exists. Uncertainty is the essence of future world development. Please embrace uncertainty. – END – |
|
|
|
|
|
