Some entities gain a monopoly position by controlling a certain communication or sales channel, some entities gain a monopoly position by scale and network effects, and some entities gain a monopoly position by increasing the monopoly position of other dimensions step by step.
In the long run, the most important determinant of long-term investment success is how much cash you have on hand when there is blood in the streets. Because often this is when you lose your job, need money to buy cheap stocks, or buy that coveted mansion from your bankrupt neighbor.
The essence of effective accumulation is that it can bring multi-dimensional compound growth on this basis. One thing you did years ago, a good habit you developed, can still benefit from today
The best way to make progress is to "take baby steps" : quickly set and complete small goals. On the one hand, clear feedback can efficiently iterate and further improve efficiency; On the other hand, the positive feedback of constantly completing tasks can bring people into flow.
How much would you pay to shoot yourself with a gun with a million chambers and only one bullet in it?
When it is uncomfortable to fall, it will go in, and when it is proud to rise, it will go out
