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Private equity refers to the investment in privately held companies, typically through the acquisition of a controlling stake. PE firms manage investors' capital to improve the value of these companies, aiming for eventual exits. However, Warren Buffett criticized the industry for dishonesty. Starting a PE firm with no money is challenging, as it requires significant capital and expertise. Nonetheless, understanding the basics of PE is crucial for potential investors and entrepreneurs.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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