long investment career

In our long investment career, we are destined to have countless confrontations with the market. Many times we make some concessions for the sake of longer-term progress.

Personally, I'm never worried about earning less or slowly, what I'm really worried about is a huge drawdown and a permanent loss of capital, which is something I'll do my best to avoidquestion.

To sum up, it's what I used to say, bear the risks you can bear, grasp the benefits you can grasp, and be able to distinguish what kind of risk you can bear and what kind of risk you can't bear.It is a prerequisite for us to make any investment decision to grasp which income and which income we cannot grasp.