I read an old saying and suddenly saw it reflected in today’s market.
There’s a principle in *The Most Important Thing*:
Howard Marks talks about second-level thinking: When others see prices rising and chase them, you see prices rising and ask—who’s selling? Why are they selling? First-level thinking makes you follow the crowd; second-level thinking keeps you from being left holding the bag.
Take today’s $ETH as an example: it’s at 2,293 now, up 1.98% over 24 hours. Today’s market action is a perfect illustration of that principle. It’s no coincidence—it’s human nature playing out in the market again.
There are several blowups between knowing what to do and actually doing it.
Let’s talk tomorrow.
#ETH #投资哲学 #交易心态 #Crypto
There’s a principle in *The Most Important Thing*:
Howard Marks talks about second-level thinking: When others see prices rising and chase them, you see prices rising and ask—who’s selling? Why are they selling? First-level thinking makes you follow the crowd; second-level thinking keeps you from being left holding the bag.
Take today’s $ETH as an example: it’s at 2,293 now, up 1.98% over 24 hours. Today’s market action is a perfect illustration of that principle. It’s no coincidence—it’s human nature playing out in the market again.
There are several blowups between knowing what to do and actually doing it.
Let’s talk tomorrow.
#ETH #投资哲学 #交易心态 #Crypto