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![CyberPhilos Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1512404500136742919.png) Web3哲学家Arnaud | Sigma Hunter Σ [@CyberPhilos](/creator/twitter/CyberPhilos) on x 28.5K followers
Created: 2025-05-11 10:17:20 UTC

The Value Investment Theory of Memes  

Meme的价值投资理论

X. Good narrative/spreadability/whales  
   好的叙事/传播力/巨鲸  

X. Reasonable price (high margin of safety)  
   合适的价格（高安全边际）  

X. Long-term holding (one week to several months)  
   长期持有（一周-几个月）  

This is the conclusion I reached after my attempts in April.  
这就是我4月尝试之后得到的结论。  

"Narrative dynamics" alone are not enough; it needs to be combined with value investment theory to select targets.  
“叙事动力学”是不够的，它需要结合价值投资理论选择标的。  

There is no such thing as a "first phase" or "second phase" — only intrinsic value and reasonable price (margin of safety).  
不存在“一段”和“二段”，只存在内在价值、合理价格（安全边际）。  

Only buy targets that are either highly popular or completely overlooked, and avoid those in the middle, unless the narrative is sufficiently novel.  
只买入人声鼎沸的标的和无人问津的标的，放弃中间的标的，除非叙事足够新颖。  

The former earns from liquidity premium, while the latter earns from margin of safety.  
前者赚的是流动性溢价（liquidity premium），后者赚的是安全边际（margin of safety）。


XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1921509924104007974/c:line.svg)

**Related Topics**
[longterm](/topic/longterm)
[investment](/topic/investment)

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