Investment is only based on results.

<Investment>

1. Investment is only based on results. Whether it's Moro or Baro, it's a big deal if the results are good. Of course, within the legal framework. (If you get caught committing an illegal act and get imprisoned, that's the worst outcome.)

2. In order to produce this result, all kinds of investment theories are piled up like mountains. Many cynically ask the authors of that investment theory to check their accounts and see how much they earned from the investment. Likewise, everyone listens to the stories of those who actually certified the legendary return on investment.

3. The person who authenticated the account is the person who proved it by the result, so it's not that, and even if the account was smashed in self-investment, the theory itself will have many great cases.

Rather, I think the story of a successful investor can be more dangerous because I think the success story belongs to the person and it is very difficult to be mine. The most representative example is Buffett. Buffett is actually successful and has a very firm theory, but...

It's easy to follow that. Going around to give me stocks of cigarette butts without keeping up with Nvidia in this situation... Wouldn't that be easy? People like Buffett can see the butt of the street. Can you see that.

It is said to invest long-term, but stocks as big as Apple would be worth it... There will be a lot more cases of it being held tightly in the long term. There is a lot of experience in long-term investment unintentionally.

4. Investment is also a game that always makes rules. It is to give some regularity to one's play. Things are always changing, but if you keep making rules, won't you be flexible? No, we need more rules because things change. Keeping up with the situation is nothing like following the trend.

The investment paper's main content is these various rules. The rules of the investment paper are only referenced, and you can continue to make and refine your own rules.

For example, the share of stocks does not exceed 70%, does not invest in credit, does not touch stocks that are rumored to be operational, only invest in stocks that are aligned, (conversely, they aim for stocks that are undervalued by inverse arrangement), etc.

The reason why this is important is to produce results. In fact, since it is an investment market that is so ever-changing, there are many cases where the return is good if it is good and if it is good. (Of course, there are many objections.) But in the long run, the biggest problem is that without these rules, risk management is not possible. There are numbers that fly at once.

5. Coming back to the beginning, the outcome is the most important thing in investing. So if you invested in bitcoin and made a few times more, it would have been very successful as a result.

In fact, when I see a person who has made a fortune with Bitcoin, I'm envious, and I don't have a desire to do what I do. However, this is the result theory.

Many people who have tracked and studied Bitcoin for a long time have their own logic, and most of them have succeeded by investing in rules based on that logic.

However, I couldn't get into my rules. I don't really believe in the intrinsic value theory, but I can't invest in assets that can't set a value standard at all... My view of Bitcoin has changed a lot, and I'm acknowledging its usefulness a lot. However, the problem is that this is too different from the standard of investment I've thought so far to make my investment.

6. Compared to Bitcoin's rate of return, even NVIDIA Mollbanger would seem sordid. But what would you do if you were jealous of others' rate of return? If you go after Bitcoin even now, if you don't even look at it at all, I think there should be a rule of your choice between the two. I think it is possible to go only to technical analysis and think that it is right to go after the stocks that these reports break through. It's just not mine.

7. Let's think that my poor return is not shameful, but my unprincipled investment style is shameful. Shouldn't we manage more returns and risks in the future.