Market bull and bear cycles, economic laws repeat themselves.
This cycle has brought five major growths:
1. Completely abandon leveraged operations
2. Eliminate borrowed funds entering the market
3. Strictly adhere to investment targets within capability
4. Insist on the principle of being bearish without shorting
5. Focus on independent investment rhythm
Deeply understand the investment wisdom of Buffett and Munger — "slow is fast", good investment habits will ultimately yield continuous benefits.