I recently came across some data that almost made me throw my phone: In the past three years, over 60% of actively managed funds didn’t even outperform the market benchmark.

What does this mean? You’re paying a 1.5% or even higher management fee every year, and you’d be better off just blindly buying a CSI 300 index fund? Those fund managers in suits are probably sitting in a conference room right now “deeply reviewing” their PPTs, spouting a bunch of clichés like “market volatility exceeded expectations.”

The more I look at the rules of traditional finance, the more absurd they seem. Handing over your hard-earned money to so-called “professional teams,” only to find out you’d be better off just allocating to a few ETFs yourself—at least the fees are transparent and the holdings are clear.

What’s even more ironic? Looking at the crypto market now, all kinds of index products and DeFi yield strategies are actually giving ordinary people back the initiative. You don’t have to wait for anyone’s approval or passively accept incomprehensible “strategy adjustments.”

It’s time for a new way of doing things.