After spending a long time in this space, there’s a truth that becomes clearer the more you think about it:

When it comes to investing, it ultimately boils down to three things.

**First, are the people you follow reliable?**
Truly capable founders have a kind of energy you can feel—
The project may have crashed, faced doubts, or run out of funds,
But after a night’s sleep, they get up and keep going the next day.
They have ideas and resilience, and even if they have to start from zero, they can fight their way back.

**Second, are you betting on the right direction?**
Some trends are just bound to come, no matter how you feel about them.
Infrastructure maturity, user growth curves, regulatory openness—
These underlying structures are in place, and when it’s time to explode, nothing can stop it.

**Third, can you keep your cool?**
A lot of people don’t fail because they misjudge, but because they can’t hold on.
They can’t make it through the cold start or handle short-term volatility,
And in the end, they have to watch others reap the rewards.