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The 10-fold increase in wealth really does not depend on accumulation: when the opportunity comes, don't be intimidated!

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The 10-fold increase in wealth really does not depend on accumulation: when the opportunity comes, don't be intimidated!

Introduction: The multiplication of wealth of the rich is not a slow accumulation, but a critical moment to seize big opportunities and bravely bet. Everyone should look for their talents, explore their mission, and develop core cognitions and strategies to get the most out of opportunities when they come.

01

In Mark Zuckerberg's story with Facebook, his partner Eddie is ready to bet $1 billion and even ruthlessly suggests betting all the money.

However, Zuckerberg thought that such an approach was "too risky", and he not only pressed his own value, but also used all the largest positions.

Zuckerberg asked, "Do you know how often such an opportunity arises?" He strongly believes in the value of this opportunity, but realizes that it doesn't make sense to invest only a small position.

In the end, they decided to use enough leverage, filled all their positions, bet $5 billion, and ended up with great success.

Meanwhile, Warren Buffett said in an interview during the 2008 financial crisis:

"When there is a big drop in the market, we should act greedily, not fearfully." He stressed the need to be confident in investing to seize opportunities.

When the big opportunity comes, we need to bet hard without hesitation. This is the key to success.

02

The accumulation of wealth by the rich is usually achieved not through slow and steady growth, but by seizing major opportunities, deciding to make a big bet and deliver a fatal blow.

A notable example is Tesla founder Elon Musk. Musk saw great potential in the electric vehicle industry and decided to invest a lot of money and resources.

He put his fortune and reputation on the Tesla project and went all out to promote the development of electric vehicles.

Through continuous innovation and bold decisions, Musk has succeeded in establishing Tesla as the world's leading electric vehicle manufacturer and achieved phenomenal wealth growth.

Another example is Amazon's founder Jeff Bezos. Bezos recognized the huge potential of e-commerce in the early days of the internet and was determined to take advantage of it.

Not only did he put a lot of time and energy into the Amazon project, but he also put his wealth and reputation into it.

Through continuous innovation and massive market expansion, Amazon grew into one of the world's largest e-commerce platforms, and Bezos became one of the richest people in the world.

These examples of successful plutocrats show that the accumulation of wealth by the rich often requires seizing opportunities and taking decisive action at critical moments.

They are not afraid of risks and are willing to invest a lot of resources in projects with potential to achieve great success and rapid growth of wealth.

The rich stand out in a competitive business environment precisely because they can bet hard at the right time and deliver the fatal blow.

The 10-fold increase in wealth really does not depend on accumulation: when the opportunity comes, don't be intimidated!
The 10-fold increase in wealth really does not depend on accumulation: when the opportunity comes, don't be intimidated!

03

When faced with significant opportunities, many uncertainties often come with them. How can you be sure this is a really big opportunity?

After all, big opportunities don't come up very often and are hard to identify.

  • First, the uncertainty of the big opportunity is reflected in its own uncertainty. We cannot predict with certainty the outcome and potential of an opportunity.
  • Secondly, time is also an uncertain factor. We can't determine when is the best time to place a heavy bet.
  • Finally, structural uncertainty also exists. We cannot accurately determine the criteria and manner by which heavy bets will be placed. For most people, these are difficult to grasp. As the saying goes, "You can't change your life without making a big bet, and you can't change human nature if you make a big bet." ”

For mind training, we can explore these uncertainties. But it is very difficult to truly deal with these uncertainties in practice.

Looking back at the real estate market over the past 23 years, we can see that there is a huge opportunity in it, and it has lasted for decades.

We have seen many people become rich and legendary in this opportunity.

Even the ordinary middle class has achieved tens of millions of growth in value due to their own properties in first- and second-tier cities. However, there are also many professionals who miss this opportunity,

Real estate has long become an "outdated" topic, simply to illustrate how difficult it is to seize the "big opportunity".

Whether it is the manufacturing industry during the reform and opening up, the Internet before 2000, or the mobile Internet in recent years, from the perspective of retrospect, they are all big opportunities.

However, when we are in it, we may not be aware of their existence, and even if we do, we may not be able to act, and if we do, we may not be able to bet heavily. This is the uncertainty of big opportunities.

04

Individual algorithms that seize big opportunities are key. Big opportunity itself has natural uncertainty, and as a real-world middle class, we don't have God's perspective and can't travel through time and space.

So when the big opportunity comes, how to seize it and share the opportunity?

This process can be likened to heavy rain, and we need a container to receive the rainwater. Some people's containers may be larger, and someone's containers may be smaller, so the increase in wealth obtained is different.

I thought Soros might sell the house and borrow some money from his uncle to buy a bigger container. This container is our algorithm, although the size varies from person to person.

Our algorithm consists of three steps:

The first step is to gather all the resources and external information

Just like an antenna, it receives signals of all frequencies. Because without external signals and information, we have no basis for judgment.

The second step is to retrieve and match all signals

Evaluate the information obtained and determine whether they are the probability of a big opportunity. This involves everyone's judgment system, and the dimensions and coefficients in each person's system are different, so the results will be different.

This is an area that needs to be maintained and adjusted throughout one's life, a core part of our way of thinking and cognitive patterns.

This approach is very important for dealing with uncertainty, and based on this knowledge and thinking, we are able to form unique core algorithms that recognize opportunities, evaluate opportunities, and make choices.

Based on the results, we constantly iterate our algorithms and constantly improve ourselves.

The third step is to perform the selections made in the second step

This is a killer execution layer. At this stage, we should not hesitate to think too much about what the opportunity itself is, and once decided, we must act.

05

We should remain stable, not judge others, focus on performing at our normal level, and constantly improve ourselves.

If we win, we will be happy; If we fail, we accept fate.

The world we live in is unknown, random, and disorderly; And our knowledge is uncertain and limited. My life is limited, and my knowledge is endless.

It is simply impossible to try to understand infinite things with limited knowledge.

All we can do is try to get a drop of it like three thousand weak water. Through various methods and philosophies, we strive to expand the scope of our capabilities.

But when the weather rains, it's out of our control. We do our best and resign ourselves to fate.

There is only one thing a person can do in life, and that is to discover his talents, find his own mission, and establish core cognition and methods to expand the scope of his abilities.

When the opportunity comes, you don't have to use it.

The 10-fold increase in wealth really does not depend on accumulation: when the opportunity comes, don't be intimidated!
The 10-fold increase in wealth really does not depend on accumulation: when the opportunity comes, don't be intimidated!