June 8, 2023 Grandpa checks in

Today is the second day of the national college entrance examination. Most provinces will finish the college entrance examination today. This year, 12.91 million people took the college entrance examination, an increase of 980,000 people over last year, continuing to set a record high. I believe that everyone here has taken the college entrance examination for more than 10 years. As you enter society for a long time, you gradually forget the feeling of the college entrance examination. However, for many people, the college entrance examination is still an important turning point in their destiny. Although it cannot determine the entire life, it is a very important influencing factor. The college entrance examination scores, the city where the university is located, the major you choose, the diploma you get, the people you meet, etc., all of these start to change from the point of the college entrance examination.

A few years ago, the Internet was full of controversy about the "uselessness of studying", including the recent "small town test-takers", which pointed to the education model and also directly pointed to the college entrance examination. It is wrong to put all expectations on the college entrance examination, but the inherited imperial examination system is a path for ordinary people to seek advancement. Of course, when you enter society, you may find that most people still cannot escape the situation of involution or even hopelessness, especially with the increasing pressure of life in first-tier cities. The role of a good college entrance examination score is gradually decreasing, but the impact of the college entrance examination on a person's life cannot be ignored.

If we only look at it from the perspective of a person's social wealth, it essentially depends on how much social resources he occupies. Studying hard and improving skills is a way to obtain social resources. In addition, there are other ways, such as direct inheritance from a good background, windfall from good luck, or advanced cognition, buying a big pie very early and not selling it. A good college entrance examination score will increase your probability of choosing a good educational environment, and indirectly increase your probability of having high cognition, but whether you can encounter an early big pie in my opinion is random. Of course, everyone has a different understanding of the college entrance examination.

Back to the market, the market has been under pressure these two days due to the SEC's lawsuit against Binance and Coinbase. The short-term market may not improve much, but I want to say one thing, remember the price when FTX went bankrupt? For the B circle, the impact of bad news does suppress prices, but in the long run, it is an opportunity. Someone has marked the past actions of the SEC and the price trend of Bitcoin. It can be seen that the positive news on ZC is often at a high price. On the contrary, when the negative news on ZC is suppressed, it is an opportunity.

Thank you for your attention and likes.