Big thanks to bro Kim @moonkimbinance for taking me out to broaden my horizons. Yesterday, I attended a sharing session by the OG Chinese financial KOL, Ms. Ye Tan. Honestly, I thought I’d get to meet some sharp-dressed alchemist uncles. hahahah～ ———————————————— During the opening segment, the speaker touched on three major hot topics: interest rate hikes, AI (U.S. stocks), and RWA. When discussing how to adjust positions in the current phase with AI, AI suggested I shift my positions from meme-focused assets to DeFi & RWA. After learning more, I feel even stronger faith in the new cycle now. ———————————————— Key takeaways from Ms. Ye Tan’s sharing session: 1️⃣ The economy is always in cycles. Right now, the new tech cycle driven by AI deserves more attention. 2️⃣ Industry cycles are undergoing a shift. Real estate and new energy represent the important cycles of the past. Meanwhile, AI, advanced manufacturing, and infrastructure might become key directions for resource reallocation in the next phase. 3️⃣ Applying this to personal investment frameworks (not financial advice): Here’s my simplified understanding: - AI: Focus on the new tech cycle. - Gold: Reflects the old system and hedging logic. - Shipping: Represents mid-cycle changes and supply-demand dynamics. - Real estate: Reflects adjustments in the old cycle. Different assets essentially correspond to different cycles. 4️⃣ Investing isn’t necessarily about chasing the biggest gains. What’s more important is: - Risk control → Protect your principal → Achieve long-term returns. From this perspective, the ultimate goal of investing isn’t just about finding the next skyrocketing stock, but gradually building a long-term asset allocation system that can withstand cycles. This is also why I’ve been planning to shift from Meme → DeFi & RWA → more long-term asset allocation (after securing profits, transitioning to broad-based long-term investments). This change has become increasingly clear to me. Understanding cycles is more important than predicting prices! Protecting your principal is more important than chasing the last dollar! ———————————————— Note images, generated with assistance from GPT based on text notes.