Ma Baba's Yunfeng Fund has lost 37%.

That thing called "Er Bing", Ethereum.

$4400 for a gamble, and now? $3000. Each cut is bloody.

Then someone came to ask, bro, can I copy your homework?

Oh my god.

If you copy homework, you need to first see what kind of family condition they have.

The 37% they lost might just be pocket money used for "trial and error" in a huge empire, meant to set up for the next ten years, without even furrowing their brows.

What about you?

What will you use to copy? Are you ready to sell your pots and pans, betting your future ten years' worth of meals?

Their loss is called "strategic floating loss", called "risk hedging", called "exchanging space for time". Sounds high-end.

Your loss is just called a loss.

A real loss that can keep you up at night, that can lead to arguments with your wife, that can ruin your child's tutoring classes next month.

Stop always thinking about copying the big shots' homework.

The big shots' homework is bulletproof; they can afford to lose. Your homework might just be a piece of napkin, breaking with a little tear.

In the end, investing comes down to one thing:

Recognize who you are, how much you have, and whether you can afford to lose.

When immortals fight, us mortals can just sit on a small stool and watch the excitement, which is pretty good.