基尼指数，钟摆不停，顺势而为（3-2-1）
每周成长3-2-1最新研究
（International version is at the bottom）
Cliff Fang
3-2-1星期四快乐！
量子成长最新研究，本周的三点思考、两处金句和一个问题：
3 我的思考
1.
一点点聪明的人，会自食其力，耕种获得粮食。
很多智慧的人，会用一点劳动换到充足的食物。
据我观察，超级智慧的人：
他们会直接要饭。
2.
摆动的钟摆绝不会在中间突然停止。
它必须进行过度的修正来彻底抵消原本的错误。对于所有价值曾经被过度高估的投资商品而言，只有在它们的价值也经历严重低估的情形下，真正的底部才会浮现出来。在任何投资循环周期中，除非价格振荡到另一端的极限，否则这个周期都不能算是结束了。
3.
万物皆有周期，顺势而为。
不依据循环周期来决定投资，就是将资金暴露在极大风险中。
相反，如果跟着循环周期投资，顺势而为，风险显著收敛可控。
倘若依照经济趋势来投资，就连最在行的人也能拥有天才般的投资业绩。那些认真调查资料、研究自己正处在哪一种循环周期之内，并找出确认周期结束的方法的投资者，就能在有限风险下持续获得大量的报酬。
2 他人宝典
1.
矛盾的是，金钱像爱一样，断绝彻底拥有的欲望，是得到金钱和财富最好的方法，越迷恋金钱与爱的人，似乎越难得到金钱与爱。
——拉比 丹尼尔·拉平，《犹太致富金律》
2.
一期一会（いちごいちえ），
每一次相遇，都是唯一且不可重复。
——京都方面·千利休
1** 向你请问
是周期投资的组合资产表现重要，还是投资过程中自己的表现重要？
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感谢！
房泽晨
liangziup.com
3-2-1 Quantum Growth: Weekly Research
Cliff Fang
Happy 3-2-1 Thursday!
Here’s this week’s 3 reflections, 2 quotes, and 1 question from the Quantum Growth Lab:
3 Reflections
1.
A slightly clever person works the land and earns their food.
A truly wise person trades a little labor for abundant supply.
But from what I’ve seen, the supremely wise?
They just ask directly — and get it.
2.
The swinging pendulum never stops dead in the middle.
It must swing too far in the opposite direction to fully cancel the original error.
For any overvalued asset, the real bottom only appears once it has become deeply undervalued. No investment cycle ends until prices have swung to the other extreme.
3.
Everything has a cycle — ride it, don’t fight it.
Investing against the cycle exposes your capital to massive risk.
Investing with the cycle makes risk controllable and returns more predictable.
Even the smartest investors can perform like geniuses when they follow economic trends. Those who research where they are in the cycle — and how to confirm it’s ending — tend to earn big returns with limited risk.
2 Timeless Quotes
1.
The paradox is this: money, like love, comes easiest to those who stop trying to own it.
The more we chase money or love, the more elusive it becomes.
— Rabbi Daniel Lapin, Thou Shall Prosper
2.
“Ichi-go ichi-e” —
Every encounter is once-in-a-lifetime, never to be repeated.
— Sen no Rikyū, Kyoto Tea Master
1 Question for You
Which matters more in cyclical investing:
how your assets perform,
or how you perform along the way?
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Thanks for reading,
Cliff Fang
liangziup.com