Wealth in life depends on waves! Ten years ago, Zhou Jintao used four nested cycles to predict the direction of wealth in the next decade On March 16, 2016, Zhou Jintao gave his final speech at the Shanghai Clearing House: In his speech, he used his own unique four cycle nested framework to expound on the theory of economic cycles, the theory of three chances in life, and the categories of wealth in life, There are multiple topics to discuss, including predictions for the next decade, two methods to eliminate middle-class wealth, the greatest opportunity for gold, and where are the opportunities in life. Looking back at these contents ten years later today, we will find that his inference is very predictive and forward-looking. We will review the content he preached at that time according to the order from theory to practice, and see if Mr. Zhou Jintao's path to becoming a king is truly worthy. The economic cycle theory is actually a set of social development theories. In the process of economic movement, it is not solely an economic issue, but also includes social system and political issues, as well as how we should plan our lives during the economic cycle movement. The founder of the important economic cycle theory is Kondratiev, whose proposed cycle is known as the "Konbo cycle". It is the determining force of global economic movements and the fundamental theory of life and wealth planning. Wealth accumulation in life depends on fluctuations in prices, as the essence of fluctuations in prices is reflected in the opportunities brought to us by the stages of economic cycles. The accumulation of wealth in life ultimately comes from investment or speculation in asset prices. Therefore, the law of price fluctuations provides us with the password for macro hedging and wealth planning in life. In theory, a person can only have three opportunities in their lifetime. If they seize one, they will at least become middle-class, and if they don't seize any, they will lose their lifelong wealth. That is to say, the trajectory of wealth in life is traceable, and this trajectory is the Kangbo cycle. What are the categories of wealth in life? The first category is commodities, which have a bull market that occurs every few decades and are the most profitable assets. The fifth bull market of Kangbo commodities has ended, and for at least 30 years, the trend of commodities will be a bear market, making it impossible to achieve significant returns in the commodity sector; The second type of asset is real estate, which cycles every 20 years. A person can encounter two real estate cycles. Around the first half of 2017, The rebound in China will come to an end. If you own real estate in the core areas of first tier cities that are not self occupied, I believe you should sell it within the next year; The third type of asset is stocks, which are not a long-term issue and fluctuate at any time. This cannot be clearly defined in our cycle; The fourth type of asset is the art market, such as antiques and jade. What stage is Kangbo in the next decade? 2016 is the transition point of Kangbo from recession to depression. The next decade is destined to pass through the depression. This round of Kangbo began to recover in 1982. The prosperity stage was from 1991 to 2004. The information technology foam in the United States was the symbol of Kangbo's prosperity. Before 2008, the world economy was in the golden stage of this Kangbo. 2015 is an important turning point for the global economy and asset prices, which requires not only lowering income expectations but also preparing for potential liquidity crises that may occur from 2017 to 2019. How did the Kangbo Depression eliminate the wealth of the middle class? One is to buy real estate in the core areas of first tier cities. His investment discipline is to sell houses after 2014 instead of buying, and now it is the stage of real estate realization; The second is to engage in emerging industries. The so-called Internet plus is the final maturity stage of Kangbo's technology. When a technology has penetrated all the countries in pursuit, it must have reached the final stage of its life cycle. Behind this technology is a trend of maturity and decline. Now it is also a stage of realization. After another stagflation, it will enter the currency elimination mechanism, and asset prices will fall. The biggest opportunity for gold is the end of the bull market in the US dollar index in 2017, and the acceleration of the internationalization of the Chinese yuan. At this time, the international monetary system will experience turbulence. Because gold is the anchor of currency. The great opportunity for future gold comes from the turbulence of the international monetary system. When the inventory cycle reaches a high point, all assets need to be disposed of, leaving only cash and gold waiting for the low point to occur. Where are the opportunities in life? The first opportunity in life was in 2008. If you had bought stocks or a house at that time, your life would have been very successful. The second opportunity is in 2019, and the last one is around 2030. If you can seize it once, you can become a middle-class person. This is the principle of relying on Kangbo to make a fortune in life. So people aged 25 to 30 now can only work hard in the next 5 years. Because buying a house doesn't do anything, it's determined by the fate of your life's wealth. Kangbo didn't give you a chance, and no matter how hard you try, it's useless. In a 60 year Kangbo, there will be three real estate cycles, fluctuating once every 20 years. One real estate cycle is linked with two fixed assets investment cycles, which fluctuate once every 10 years. A fixed assets investment cycle has three inventory cycles. So life is one Kangbo, three real estate cycles, six fixed assets investment cycles and eighteen inventory cycles. Mr. Zhou Jintao is a pioneer in the study of Kangbo in China. He created the four cycle nested model, which summarizes a person's wealth and opportunities throughout their life, providing clear guidance for the allocation and research of major asset classes. It is also a complete system and worldview, and the name of the king of cycles is not in vain. However, at the end of 2016, Mr. Zhou Jintao passed away, leaving only a book on the theory of oscillation cycles that inspired future generations. I intend to summarize, generalize, and expand Mr. Zhou Jintao's theory into a collection to pay tribute to him and share it with you. 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