Losing Money | Original
This post documents instances of financial losses experienced by myself and people around me.
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Entering a new industry or starting a business without a long-term plan and buying many ads will result in losses of several million CNY.
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Received an investment, quickly hired employees, and then had to lay them off after a few months. This resulted in a loss of 250,000 CNY.
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Buying a house in China around 2022 would have led to a loss of 1 million CNY.
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Buying a lot of ads to advertise an app will lead to a loss of half a million CNY.
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Buying a car or expensive things to impress others.
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Frequent trading of stocks or options within a short timeframe.
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Insufficient preparation for a new job or opportunity can result in job loss.