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Today I reflected on one thing, which is that I didn't grasp well the +10% of Tencent from Monday to Tuesday and the +50% of MiniMax.
Tencent, as a leading Chinese tech giant, promoting crayfish in rural areas, combined with local governments introducing relevant support policies, can be understood in the cryptocurrency world as akin to a meme being hyped by Musk, with a brand sticker of CA (of course, the scale is different).
The events that happened over the weekend and the potential for secondary dissemination, fermentation, and even the attention of millions of people are beyond our estimation. The underlying logic of dissemination + the emotional dimension of the capital market is no different from trading memes.
However, because we spend too much time on Twitter and too little on traditional Chinese social media, we fail to feel the transmission of this emotion. This has led me to two reflections:
1. Start using Chinese social media more.
2. Spend 10 to 30 minutes each day browsing trending topics to feel the emotions. It's not easy to be FOMO-ed by AI-processed text, but firsthand comments can easily stir emotions, which helps in making significant purchases.
3. Reduce biases.
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