I spent two hours at noon consulting with a major stock player. While I was discussing crypto, he was talking about the Chinese A-share market. His net worth is tied to A-shares, and his business model runs very smoothly. Based on current development trajectory, his net worth will experience exponential growth in the coming years. Meanwhile, in crypto, without $BTC experiencing multi-fold increases, there aren't obvious massive growth opportunities or high-conviction opportunities visible at the moment.

Combined with the hot concepts around chips, technology, and AI, the future A-share market may have no fewer opportunities than US stocks, Hong Kong stocks, or crypto. I'm genuinely giving serious thought to entering the A-share market now.

But that doesn't mean anyone can go trade stocks. When ordinary people enter and compete against countless institutional capital, the win rate is too low.

This person said something that really stuck with me:

"The financial market is a process of big fish eating small fish, of harvesting retail investors. You need to figure out whose money you're going to earn. If you can't figure it out, then you are the retail investor—don't enter the market."

If you're not the sickle, then find out who is the sickle, learn from them, get close to them, provide value, and ultimately become them.