It's been almost a year since I started investing in U.S. stocks. From being a clueless speculator to gradually doing the right things, I've gained some insights, though not many. Let's talk again and hope to grow together with everyone. 🫡 My biggest lesson is not to touch what I don't understand, to go against human nature, to know when to stop with options, to manage positions, and to buy companies based on value investing principles. 🧐 A simple truth is that every time a stock rises, it means the dynamic margin of safety is relatively decreasing. According to some principles from *The Intelligent Investor*, smart investors dynamically balance the ratio of bonds to stocks. For me, it's about dynamically adjusting the balance between BRK, SCHD, and tech stocks...