Don't Let "Statistics Around You" Ruin Your Judgment

Every day, people in your social circle are bragging about getting rich from stock trading, and everywhere you look in short videos, there are secrets to wealth—your brain automatically overestimates the likelihood of these events happening, which psychologists call "availability bias."
The solution is simple: replace emotions with data. Professor Jeremy Siegel of Wharton School analyzed 200 years of U.S. stock market data and found that the long-term annualized return remains steady at 6.5%-7%. Short-term spikes and crashes are just noise.
True wisdom is: step out of the narrow information bubble, look at the hundred-year trend from a global perspective; identify irreversible major trends—technological revolutions, demographic shifts, currency devaluation; then stick to your circle of competence and don't let FOMO drag you into unfamiliar high positions.
Remember: if the direction is right, compound interest will take care of the rest.