Yesterday, a kid asked me a soul-searching question: How to make money?

I said: Trading.
He asked again: What is trading?
I wanted to say "buy low, sell high," but that's too superficial.
I thought about it all night, and the most honest answer is:

The world is full of inconsistencies—information asymmetry, differing time preferences, and an unpredictable future. A trader's job is to bear the uncertainties that others are unwilling to take on and to build connections within these gaps.

The highest-level traders don't trade assets; they trade their own cognitive boundaries.
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