Zhang Yiming's success with ByteDance can be summarized in these 10 statements, which you can listen to five times without getting tired; each one reveals the underlying logic of achieving success. 1. The depth of your understanding of a matter is your only core competitive advantage in that matter. 2. Given how low the level of delayed gratification is for most people, there's no need to compete on talent. 3. Don't fall into the deadlock of homogenization; true experts never clash with competitors but focus on the fundamentals of the matter. 4. A calm mind is not about lying flat; it's about top-level rationality: not getting carried away by success, not being crushed by setbacks, and always focusing on solving the problem itself. 5. People should continuously iterate and upgrade like products; stopping growth is setting limits on your life. 6. Don't get addicted to making quick money; quick money comes fast but leaves just as quickly; long-term compounding is the way for ordinary people to break through. 7. The ultimate goal of business is never to defeat competitors but to create value; the bigger the problem you can solve, the more money you can make. 8. Be a rational optimist: clearly see the risks while always believing in the power of long-term creation. 9. Time is the only capital for ordinary people; how you use your time will determine the kind of life you have. 10. All success ultimately comes down to the victory of underlying logic; deepening your own skills is more important than anything else.