Because many people do not study the fundamentals of crypto projects, fundamental researchers will have a great advantage, and the time input-output ratio will be relatively high.
We see a lot of people chasing meme coins. I think this shows that this market is a very irrational early market, and the proportion of retail investors is basically 100%. Although I think there must be a lot of opportunities to take advantage of retail investors, these opportunities may not belong to me, because in my investment career, I have never thought about investment from the perspective of speculation, I have always thought about investment from the perspective of value investment Thinking about the problem.
Therefore, the logic of value investing is self-consistent to me, and short-term speculation is difficult for me to be compatible with the logic of value investing. I would rather not look at the logic of these speculations, but focus on fundamental research and value investing.
因为很多人都不怎么研究crypto项目的基本面，所以基本面研究者就会拥有很大的优势，时间的投入产出比会比较高。
我们看到很多人在追逐meme coin，我想这表明这个市场是非常不理性的早期市场，散户的占比基本上是100%。虽然我觉得这里面肯定存在大量的利用散户的机会，但是这些机会可能并不属于我，因为在我的投资生涯中，我从来没有从投机的角度思考过投资，我都是从价值投资的角度思考问题的。
所以，价值投资的逻辑对我来说是自洽的，而短期投机对我来说是很难喝价值投资的逻辑兼容的。我宁愿不去看这些投机的逻辑，而是专注在基本面的研究和价值投资上面。
I'm thankful for the key choices I've made in the past because I'm happy with where I am now, I'm living and working the way I want, sitting what suits me very well, and there's no particular pressure on me financially.
很庆幸自己在过去所做的关键选择，因为我现在很满意我的状况，我正在按照我自己的意愿生活工作，坐着非常适合于我的事情，在财务上也没有特别的压力。
Today, I had dinner with my friends at noon. Gatherings are often ineffective. Fortunately, the total time I spend socializing is actually very, very little. The greatest value that socializing brings to me is that I feel that I have not lost touch with society.
今天中午和朋友们聚餐吃饭，聚会经常是无效的，所幸我花在社交的总时间其实是非常非常少的，社交给我带来的最大的价值就是感觉到自己还没有跟社会脱节。
昨天最重要的新闻就是上海升级的时间确定了，其实在之前就已经确定了，但是还没有官宣，现在官宣了，市场才反应过来。之前在rokcetpool的discord里面已经说了是这个时间。
The price of the lens profile has been rising sharply recently. Many people are hoping to gain the airdrop of the lens, which leads to an increase in the price. This makes sense. As long as the airdrop amount of the lens exceeds the purchase price of the lens profile, there is a potential profit margin.