When you want to chase the price, think of yourself as a mammal.

When you want to cut meat, think of yourself as a mammal.

The commonality among all animals: loss aversion, the tendency to pursue benefits and avoid harm, is dictated by nature's "survival of the fittest" law. Those who are not averse to loss and do not understand the tendency to pursue benefits and avoid harm do not survive to this day.

However, the stock market and the cryptocurrency market are modern financial operation markets, but we all have a mammal's organic brain. Therefore, impulsively jumping in and impulsively cutting losses are basic operations for ordinary people.

Understanding one's biological limitations and being clear about one's attributes as a mammal and primate can greatly benefit investment and profit-making. This is also an extension of Buffett's theory of "knowing your circle of competence."

Munger's diversified thinking model mainly emphasizes the importance of learning key theories from important disciplines. I believe that learning a little psychology, anthropology, history, philosophy, physics... has the effect of dimensionality reduction on the financial markets.

Human wisdom is like a mountain peak, where the highest cognition converges at the summit⛰️.