Recently, Buffett's farewell letter and the aftermath of Duan Yongping's interview have been continuously appearing in the朋友圈 of the orange seat.
When two top value investors publicly speak out in succession, it is itself a significant signal.
Watching Duan Yongping's interview, I found that Duan is getting older, and his face is not as round as before.
I didn't originally intend to ride on the heat of the two, and I hadn't really looked at what they were saying. But today, I saw several friends sharing the key points in the朋友圈, and I found that some of them were very similar to my recent thoughts and decisions, so I boldly came up with this title.
Buffett and Duan Yongping's fans, please don't spray me. Let me take a wave of manual doge heads to save my life.
Here, I won't go on about the ideas and viewpoints of the two of you; instead, I will talk about my own story. If you're not interested, you can stop here to avoid wasting more time.
This new account, Orange Seat, I started writing some content intermittently around May last year, not to grow the account, but simply to record and express my opinions – at that time, I had withdrawn from the circle but still paid attention to industry dynamics. I had the urge to express but no one to talk to, which is the original intention of restarting the public account.
And around this time last year, I was a bit depressed. Many illnesses come from idleness, but it gets better when I get busy.
Later, I visited 10 countries to take a look, and I felt much better.
On one hand, I saw the world's inclusiveness; on the other hand, I saw the advantages of the industry.
So after a year, I returned to the crypto world and intentionally cut ties with the previous IP.
Regarding this matter, Wu expressed regret, saying that with such great influence previously, the name could certainly be reclaimed.
I smiled and shook my head, neither agreeing nor disagreeing. The past is best left in the past.
After I decided to return to the crypto world, heaven sent me a gift worth over a hundred million, but I didn't catch it because I was busy traveling around the world.
As a result, I missed out on potential returns from hundreds of bitcoins. Of course, this is also the original motivation for me to do asset recovery business. Missing out on 500 million bitcoins, I really am a big fool.
After returning from Europe, I realized one thing – I still want to make videos and show my face. This was something I had never considered before, after all, I had offended so many people. So I quickly built a team and started shooting videos for testing.
To be honest, I didn't take it seriously at first because I had already started to accept my ordinariness again during the entire year of 2024. But how easy is it to take off Kong Yiji's long gown? After all, I was once glorious.
Many people might wonder why I had to endure such humiliation when selling a house this year.
But in reality, I started selling two houses last year, and this year I sold them because they could finally be sold. Not only that, but I also sold my Porsche last year and replaced it with an electric car. After my family came to Hangzhou, we didn't buy a house, just rented.
Do you think there is a gap? There must be a gap.
But it is precisely because of the gap that you can see clearly how much you really weigh.
I know clearly that I am a newbie, I am Orange Seat.
Speaking of making videos, I rented the office in December last year and only posted a few videos in late December. Then I left them to go play – last year, the marketing in Harbin was excellent, and I took my whole family for a trip.
Then the video exploded.
Perhaps it's because not many people talk about the Web3 sector, or maybe my topic choice is good combined with rich industry experience, I quickly gained followers for two accounts, and in a short time, the video account's followers are almost 200,000.
So after the beginning of 2025, I decided to go all out.
But just like the saying we often mention: every time you want to go all out, you'll be held back.
Since the beginning of the year, stimulated by the past traffic dividends, I started actively expanding. The video account needs to create a matrix – on one hand, to build a strong foundation, and on the other hand, to start facing the issue of account suspension.
Later, it wasn't enough to just have a video account; I also started analyzing Douyin and Xiaohongshu.
Later on, recording videos and writing articles wasn't enough; I had to do live streams too.
Then I also have business related to recovering crypto assets to handle.
On one hand, after extending the line, the team started to show signs of neglecting details.
On one hand, doing more leads to more mistakes, making me very busy and tired.
Moreover, the most troublesome part is that the process of public to private has always been stuck. The previous views were booming, while the private domain leads were crying out.
It's just that it has been nearly a year since we have been praised but not attended to.
This way, it becomes very difficult for me to manage. On one hand, supporting a team requires money; on the other hand, without leads, there can be no conversions. Throughout 2025, I will be using the revenue from asset recovery to subsidize the short video operation team.
I can tolerate losses, but I cannot tolerate meaningless losses.
Until recently, I lost my temper in the office, which was the first time I lost my temper since building the team.
That day I said, if a bunch of accounts can't figure it out, then just focus on getting one account right, don't be so scatterbrained.
Later on, I gradually figured this out. Yesterday, I also shared my thoughts and mental journey during this period within the team.
It's not that the team is incompetent, but that I'm too greedy.
Yesterday, my first sentence was: the reason people suffer is due to the mismatch between desire and ability.
This is just who I am.
I habitually compare myself to my past self, the conscientious brother.
I habitually compare my current HODLER with the past Oasis University.
I always tend to compare my current follower count and reading volume with past accounts.
At the same time, I also tend to compare my current revenue with past revenue.
All the pain is actually self-inflicted, just like I used to evaluate others: how many people's remaining years are spent on the road to returning to their peak?
Damn it, aren't I the same? It really is that a healer cannot heal themselves.
But if you don't look at the past and just look at the journey of the Orange Seat IP over the year, it's actually quite good.
Currently, the public account has nearly 20,000 followers, with an average reading of nearly 5,000. You should know that such a ratio is not easy.
The video account just mentioned has a total of over 200,000 followers, with a total of several million views across the internet.
We held four or five offline events, all of which were paid ones. Free ones have no significance.
I have made 4 internal reports, averaging one every two months, and I am very satisfied with the content quality. Although this doesn't make money, it is hard to come by, and I am willing to do it.
I also wrote over 100 articles and collected several hundred members.
Moreover, the most important thing is that our asset recovery business is becoming more and more successful, firmly locking in the top of the track. The clues we find are becoming more accurate, and our influence is growing.
Even while writing the article, I did a small trade, generating a few thousand dollars in revenue.
I finished signing the contract around 5 PM, and by 9 PM, it was done, taking 4 hours.
Throughout the process, I had zero involvement; I just needed to collect the coins – because I had already standardized the entire process.
Looking at it this way, the entire year of 2025 doesn't seem so unaccomplished.
At the same time, I also started building influence externally. For example, this Saturday, I will first go to Chengdu to share on crypto asset security and recovery, then immediately fly to Shenzhen.
Because I still have to share in Teacher Jiang Yufei's offline class on Sunday, helping them build a cognitive framework for the crypto world.
Even this year, I invested in a law firm.
Other scattered bits don't count; from this perspective, I am actually quite satisfied.
But why was I dissatisfied before? Because I was always comparing myself to my past self, always using my new self from the first year to compare with my old self accumulated over the past five years.
After realizing this, I think if I can persist in writing articles, occasionally doing live streams, teaching lessons, and then holding events to do business, that would be pretty good.
Why make things so tiring for yourself?
So today, seeing the post by Bit Wu, I felt particularly moved, as if it resonated with Duan Yongping.
Old Wu's main point is: take it slow and do it for a long time.
And I also mentioned similar views in a recent night talk meeting:
Why do a little every day but not too much?
Because doing too much can be annoying; once annoyance sets in, it's hard to keep going.
Just like how delicious dumplings may not make people want to eat them every day.
So in the past few days, I have felt much more comfortable because I have figured out some key points that I had previously thought were very critical, just as Lei Jun said, being over fifty is the age to break through; I am still in my thirties, so I obviously haven't reached that point.
So what am I risking my life for? Isn't it uncomfortable to just lay there?
This is my second time accepting my ordinariness.
The first time was ten years ago when I failed in Beijing and was forced to return to my hometown, admitting that I was just dirt. But after resetting my mindset, I achieved results in the crypto space.
The second time was this year. Although I sold my cars and houses last year, I didn't let go of my pride. But now, I am accepting my ordinariness again and have little material desire – it feels like I have passed the stage where I need to fill my desires with material things.
I won't worry about not having a presence just because I don't drive a luxury car but an electric one.
I won't feel inferior for not staying at the Marriott while on a business trip.
I won't be fooled by others wearing luxury watches while I don't.
Because I know that these are all for others to see. Why should I dress myself up to please others?
I just can't bear to spend money to stay at the Marriott Ritz-Carlton; my economic level only allows me to drive a Wenjie M7. I can't bear to sit in first class and premium seats. I usually eat fast food and takeout. Occasionally, when I eat something good, I still have to group buy. I always go out in a set of shabby sportswear. I can't bear to buy luxury goods like LV.
What's wrong?
Do I have to live for you?
Who the hell are you!
The above is the thinking and review of the Orange Seat during this period, which certainly can't be compared to Buffett or Duan Yongping.
But compared to myself, I think I'm pretty impressive.
What do you think?
(2025.11.12 article)