Many people ask me what my investment secret is. Actually, the famous investor Druckenmiller once said something I strongly agree with — the best investment is to put all your eggs in one basket.

It sounds crazy, right? But there's a logic behind it: daring to heavily concentrate on one target means you must have done thorough research before taking action. This way, you're less risky than those who blindly invest without understanding.

So what is the key? Focus. With only one basket, you'll devote all your energy to guarding it and growing with that investment. You'll truly understand what you're investing in.

Of course, my premise here is: you want to achieve excess returns. If your goal is just to beat inflation, slightly higher than bank interest, I would directly recommend allocating to the S&P for stability and peace of mind. But if you want to truly achieve excess returns? That requires concentrated positions and in-depth research. Diversified investing is suitable for conservatives, but excess returns can only be achieved through focus and professionalism.