In the remaining time of this year, I plan to guide everyone through a "cyclical review" as the main theme, reconnecting the content that has been discussed in real-time before. Although many topics have been covered, I know that many people tend to forget after reading, so this time we will take a moment to clarify our thoughts together. Especially those underlying investment logics that are applicable regardless of market changes in the long term, I hope everyone can truly understand and remember them. Making money is not actually difficult; the challenge lies in clearly understanding the boundaries of one's own abilities and knowing which profits fall within one's cognitive range. Earnings gained through luck and "gambling" are not sustainable; what truly supports you in the long run is a robust and personal investment system.

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