Don't be too keen on stocks that the market unanimously favors. Finding good companies that defy consensus is the key to good investment opportunities. Low valuations, but high growth rates, are a good reason not to invest. Recent investments in Google and Alibaba are both such investment opportunities, but unfortunately, I was too conservative in my bets. Is Google's search share declining? Will it be replaced by AI companies? The key takeaway is that Google's AI capabilities are in the first tier, with better commercial applications than OpenAI, and the acceleration of AI's advertising revenue has exceeded market expectations. Is Alibaba's entry into the flash sales war destined to be crushed by Meituan? The key takeaway is that Alibaba has already secured a ticket to the AI era, driving business integration. The flash sales business has revitalized the entire market, turning liabilities into assets. AI also requires monetization scenarios; the two are multiplicative, not simply additive. My recent realization is that your pessimism is none of my business. I'm investing in opportunities that defy market consensus.