1. In the AI era, you must develop this habit: when facing difficulties or problems, ask AI first; if there's something AI can't solve, then find other solutions.

2. In reality, 95% of issues can likely be resolved using AI.

3. Yesterday I chatted with a fan who trades A-shares. I said that trading A-shares is hard if you want it to be, but simple if you want it to be—just follow the 'National Team' (state-backed investors). Buy when they buy; sell when they sell.

4. His question was also very straightforward and blunt: he didn't know when the National Team bought or sold. I asked, 'Why didn't you ask AI?' He said he hadn't thought of that.

5. If you have accounts for GPT, Grok, or similar AIs, they can completely make these judgments on their own. I posted a screenshot of their analysis for everyone to check out. You can even see approximate portfolio details. The data has a slight delay, which is quite normal.

6. For tasks like checking data, if AI can't handle it, you most likely won't be able to either.

7. NVIDIA is about to hit new highs again. Just 10 days ago, many people were confident enough to believe Liang Wenfeng's claim that 'Dazi's' (Huawei) moat is weak and Huawei's chips are strong. Only the market tells the truth. Liangzi has his own agenda; at the very least, he needs to ensure funding can be raised at high valuations.

8. US July non-farm payrolls unexpectedly decreased by 23,000, while the market had expected an increase of approximately 83,000. May and June figures were revised down by a combined 103,000. The unemployment rate actually dropped from 4.2% to 4.1%, but mainly due to a decline in labor force participation, not an improvement in employment.

9. Market interpretation: This is a classic case of 'bad jobs news = good interest rates = good growth stocks.'

10. But here lies an important second-order logic: slightly weaker employment is good for tech stocks; however, if employment deteriorates rapidly, it will no longer be good.

11. If it's 'weak employment + still-high inflation,' that creates the worst stagflation scenario.

12. Software stocks are seeing one reversal after another. Beware of those pseudo-experts constantly preaching doom regarding SaaS. I've been explaining since last year that this view is mistaken, and the market has finally come to its senses.

13. As we've always said, if your moat is hidden at the code layer, then you essentially have no moat at all.

14. Without a moat, how can you guarantee a company can profitably operate for the long term? Everyone should think carefully about this.

15. Long-term investing in companies without moats will inevitably lead to losses. Although the volatility (elasticity) is high, the risk-reward ratio isn't sufficient, and it may even corrupt your normal investment logic.

16. Acting against your own trading principles is essentially poisoning yourself.