When we talk about money, we are essentially discussing the resources that individuals can call upon. And when we talk about cognition, we are mainly referring to the ability to understand the world and solve problems.

To make an analogy, a person who has money but lacks cognition is like a strong beast without intelligence. A person with high cognitive levels may not have the direct ability to mobilize resources (physical strength), but they know how to indirectly utilize weapons and set traps. Over a longer period, money cannot compete with cognition.

Many past experiences have led me to realize that adding a valuable thinking model can sometimes completely change the framework through which we view the world. For example, "Russell's Turkey", "Survivorship Bias", "Falsifiability", "Black Swan", "Dissipative Structures", "The Boundaries of Knowledge", "The Ergodicity of Probability"... There are many historical and financial models that often cause one's reaction to incoming information to be completely different from those around them.

Those who continuously accumulate knowledge as compound interest will gradually evolve into "superhumans" in terms of cognition. And superhumans do not worry about asset issues; there are fish in the water and prey in the woods.
Of course, the value of money is to solve problems quickly within a limited space-time.

For instance, a person with a high level of cognition but no money would not be able to buy a Gulfstream within a week. This is similar to what was said earlier about humans suddenly encountering a tiger; unless an accident occurs, it is very normal to be killed.

Cognition takes effect over an extended time dimension. And time is the most core capital. It should not be wasted.
​Why should we keep enough cash? Because monetizing cognition takes time, and cash helps us happily get through this time $BAS $BNB
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