Yesterday I took a look and my Micron position has already gained 30 points—I haven’t opened Futu in a long time.


Compared with the sh-tcoins in the crypto space, U.S. stocks are a bit slower, but there’s more volume and more players involved, and the growth is also clearly visible when you measure it month by month or year by year—like Micron, SanDisk, and Intel. It’s kind of like using time to trade for space.
Hong Kong stocks also have good opportunities—HSBC and SMIC are decent, and scarce assets like Zhipu and MiniMax are also 4-5x, with even larger capacity.
Crypto is just too hard to play right now—chasing rallies and selling dips. If you play U.S. stocks, you can still have some kind of life.
0xSun wrote it too well: “As Munger said, ‘Where the fish are, go fishing there.’ Buffett also said, ‘If you find yourself on a long-leaking boat, it’s more efficient to spend your energy on changing the boat than on patching the leaks.’”
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