My investment philosophy is based on cyclicality.

The clock theory divides the economic cycle into four stages: recovery, overheating, stagflation, and recession, based on the economic status, relevant policies, and environment, and concludes that investors should hold four types of investments: stocks, commodities, cash, and bonds at different stages. Although this treatment of theory and method is a bit rough, the description and thinking about the cycle is very meaningful and this theory has strong practicality.

I think that for investment, whether it is corporate value or stock price, the first rule is cyclicality. But it is a cycle without a pre-defined rule. Although historically, rises and cycles are one of the rules, and they together constitute the history of investment for hundreds of years. But if we look to the future, we should still take cycles as the first rule.

First, cycle is the first law of human life and even the universe, which goes without saying.

Second, it is most valuable to look at investment from the perspective of cycles. Because our effective investment time is limited, and taking the rise as a rule and adopting related investment methods such as index investment may ruin your life. Keynes said that in the long run we will all die, so if the investment method cannot be verified in our lifetime, it is useless. The cycle can be large or small, and it will definitely happen, so there are many methods to choose from.

Third, I think it is more realistic to be a relatively pessimistic investor, but of course one should not be overly pessimistic.

For amateur investors, an investment philosophy would be more practical if it were based on cycles.   

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.