In investment, the judgment and firm execution of this kind of large cycle are very critical
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In investment, the judgment and firm execution of this kind of large cycle are very critical.
Hesitation when decisions need to be made and cleverness when there is no need to use more brains are the enemies of excellent investment results. Firmly believe that this cyclical trajectory of fluctuations and recovery gradually increases the strength to enter the market when it is cheap enough, gradually reduces the position in the market at the time of obvious overestimation or incomprehensible valuation, and firmly implements this simple strategy.
No matter how wonderful and imaginative the current market is, remember that all the feasts will end at the end of the day. No matter how sad and desperate the current market is, we should believe that once the deviation between value and price reaches an extreme level, it will inevitably return. Don't try hard to predict what will happen next, and don't try to wait for someone to give you a definite signal of action. Just simply remember a simple and eternal truth: compound interest limit, mean return; Yin and Yang reincarnation, good times come.
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