Luxury Goods

One day, the economics teacher talked about luxury goods, and to make it easier to understand, he said: "Students, do you know what a luxury good is? Suppose you are shopping with your girlfriend, and she stares at something for more than 30 seconds. If you pay for it, then that item is a luxury good." The students all smiled knowingly. But it’s not over yet, "Continuing to shop, if your girlfriend stares at something for more than 30 seconds again, then, students, your girlfriend is the luxury good!"
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This is so much like me 🤦🏻‍♂️

A person set up a trap to catch turkeys. He scattered corn both inside and outside a large box, which had a door with a rope tied to it. He held the other end of the rope and hid nearby. He just had to wait for the turkeys to enter the box, and then he would pull the rope to close the door. One day, 12 turkeys entered the box, but unfortunately, 1 slipped out. He wanted to wait until there were 12 turkeys in the box before closing the door. However, while he was waiting for the 12th turkey, 2 more turkeys ran out. He thought he would wait until there were 11 turkeys in the box before pulling the rope, but while he waited, 3 more turkeys slipped out. In the end, there were no turkeys left in the box.

Investors often do not understand the importance of stopping losses as soon as possible. When situations begin to deteriorate, they still cling to elusive ideas, unable to objectively analyze the situation. With a gambler's mentality, they blindly hold on, leading to a continuous downward spiral until it becomes irreparable. At this time, a balanced mindset is often more important than intricate financial analysis.
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The shepherd was deceived

Once upon a time, there was a shepherd who led a goat and rode a donkey into the city to go to the market. Three swindlers knew about this and wanted to deceive him. The first swindler took advantage of the shepherd dozing off on the donkey's back, untied the bell on the goat's neck and tied it to the donkey's tail, and took the goat away. The shepherd turned around and found that the goat was gone, so he was busy looking for it. At this time, the second swindler came over and asked him enthusiastically what he was looking for. The shepherd said that the goat was stolen and asked him if he had seen it. The swindler pointed casually and said that he saw a man walking through the woods with a goat. It must be that man, so he should chase him. The shepherd was in a hurry to chase the goat and handed the donkey to the "kind-hearted man" to take care of it. When he came back empty-handed, the donkey and the "kind-hearted man" were naturally gone. The shepherd was very sad and cried as he walked. When he came to a pool, he found a man sitting by the pool, crying even more sadly than him. The shepherd was very surprised. Is there anyone more unlucky than me? So he asked the man why he was crying? The man told the shepherd: He took two bags of gold coins to the city to buy things. He stopped by the water to rest and wash his face, but accidentally dropped the bag into the water. The shepherd said, then go down and get it. The man said he couldn't swim, and if the shepherd could get it out for him, he would give him 20 gold coins. The shepherd was overjoyed when he heard it. He thought that this was a good time. Although the sheep and donkey were lost, he might get 20 gold coins here. He would have enough to make up for all the losses. He quickly took off his clothes and jumped into the water to get it out. When he climbed out of the water naked and empty-handed, his clothes and dry food were gone, and the only remaining money was still in the corner of his pocket.
　Be careful not to be careless, credulous, or greedy in the market.
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Crocodile Rule
　　Assuming a crocodile bites your foot, if you try to use your hands to free your foot, the crocodile will bite both your foot and your hand at the same time. The more you struggle, the more tightly you will be bitten. Therefore, if a crocodile bites your foot, your only option is to sacrifice one foot.
　　In the cryptocurrency market, the Crocodile Rule is: when you find that your trading is deviating from the market direction, you must immediately cut your losses, without any delay or any sense of luck.
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Bian Que's Elder Brother is the Most Amazing

In the history of Chinese medicine, everyone knows about Bian Que, the divine doctor, but few know that in historical tales, Bian Que has two even more amazing elder brothers. The reason they are not well-known is said to be because their medical skills are too extraordinary.

It is said that Wei Wenhou found Bian Que and asked, "I heard you have two brothers, all of whom are doctors. Who has the highest medical skills?" Bian Que replied, "My elder brother has the highest medical skills, my second brother comes next, and I rank third." Wei Wenhou was puzzled and asked, "Why is it that your fame is the greatest?" Bian Que then explained the uncomfortable truth.

He said that his elder brother's medical skills are remarkable because he can prevent problems before they arise. Just by looking at someone, he can detect potential illnesses and adjust treatments accordingly. This means that the diseases have not yet shown symptoms, but they have already been controlled. As a result, everyone feels that his elder brother has no real skills. The second brother is slightly less skilled; he can always use medication promptly when the patient's symptoms first appear, eliminating the illness while it is still mild, leading everyone to think he can only treat minor ailments.

As for himself, although he is often invited to treat critically ill patients, using strong medicines to bring them back to life, at that moment, everyone believes his medical skills are the highest. In reality, compared to the others, only the elder brother can prevent problems before they arise and protect the patient's vital energy, thereby safeguarding life. This is what truly makes a valuable doctor.

（Let the money flow）

There was a miser who saved and scrimped to accumulate a sum of money, but he was reluctant to spend it, so he buried the money under a stone. He was afraid that someone would steal it, so every day he would go to the place where he buried the money to have a look.
Suddenly one day, the miser found that the place where he buried the money had been dug up, and the money was gone. He immediately cried out loud. The neighbor heard him and asked why he was crying so sadly. He sobbed and replied: "I buried the money under this stone, and now it has been stolen!"
The neighbor asked in confusion: "Why don’t you keep the money in a bank? Isn’t it more convenient to use the money in the bank?" The miser said: "Spending money is easy, but making money is hard! The money I earned with great difficulty, I never spend it."
The neighbor laughed and said: "Since you never spend money, then you should bury this stone and treat it as your original wealth!"
Wealth Insight: The essence of money is circulation. If you only save money and do not spend it, the money cannot realize its value. If you want to become rich, throw away your piggy bank, and let money continue to appreciate in circulation, earning more money.

A merchant arrived in a mountain village, where there were monkeys all over the surrounding mountains. The merchant spoke to the farmers in the village, saying, "I will buy monkeys for 100 yuan each." The villagers, unsure if it was true, tried to catch the monkeys, and the merchant indeed paid 100 yuan. Soon, everyone in the village went to catch monkeys, as it was much more profitable than farming. Before long, the merchant bought more than two thousand monkeys, and there were few monkeys left in the mountains. At this point, the merchant raised his offer to 200 yuan each for the monkeys, and seeing the price double, the villagers rushed to catch more. The merchant bought more, but the monkeys were becoming hard to catch. The merchant then raised his price to 300 yuan each, and the monkeys were nearly impossible to catch. The merchant even offered 500 yuan each, but there were no monkeys left in the mountains; over three thousand monkeys were now with the merchant.

One day, the merchant had to return to the city for business. His assistant went to the village and told the farmers, "I will sell you the monkeys for 300 yuan each. When the merchant returns, you can sell them to him for 500 yuan, and you will make a fortune." The villagers, in a frenzy, sold their pots and pans for scrap metal to gather enough money to buy back all the monkeys, over three thousand of them.

The assistant took the money and left, but the merchant never returned. The villagers waited a long time, firmly believing that the merchant would return to buy their monkeys for 500 yuan. Eventually, some could no longer wait; the monkeys still needed bananas, which cost money, so they released the monkeys back into the mountains, where there were still monkeys everywhere.