Losing Money
This post documents instances of financial losses experienced by myself and people around me.
-
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.
-
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.
-
Buying a house in China around 2022 would have led to a loss of 1 million CNY.
-
Buying a lot of ads to advertise an app will lead to a loss of half a million CNY.
-
Buying a car or expensive things to impress others.
-
Frequent trading of stocks or options within a short timeframe.
-
Insufficient preparation for a new job or opportunity can result in job loss.