Value investors do not participate in market games. Such investors should follow excellent companies to create value in consumer products and commodity circulation. And market game trading automatically establishes trading opponents, and the final outcome of the game may only have a 50% chance of winning. You may be stronger than others, but in reality, a 50% chance of winning cannot be achieved. The main reason is that besides the fact that the two parties involved in the transaction are in a battle, there are also several more powerful players that you cannot do anything about, such as transaction costs, short-term macro policies and macroeconomic factors that can affect the overall environment, as well as short-term fluctuations in fundamentals. From this perspective, there are also players outside the market who are more powerful than you and are eyeing the fluctuations in the trading market. Therefore, our strategy is not to participate in this game at all. We only establish long-term stable connections with the best companies through the trading market and continuously collect dividends that can grow. The main reason why it is difficult for the general public in the market to sustain long-term profits is that they know they cannot win and still have to take a tough stance to participate in the game.