Using Li Chunfeng's "Tui Bei Tu" Chapter Sixty
"One yin and one yang, without beginning or end, the end comes from the end, the beginning comes from the beginning. In the vastness of fate, seek within this. The rise and fall of the world is not free."
Reveals the essence of the investment world.
One yin and one yang, without beginning or end—The way of the stock market lies in cycles.
The ups and downs of the stock market resemble the alternation of yin and yang, with bulls and bears switching back and forth. There is no absolute beginning, nor is there an ending point. The peak of a bull market often harbors the seeds of a bear market, while within the despair of a crash may lie the starting point of a new market trend. The market is like the tide, rising and falling in cycles. If investors can align themselves with its rhythm, they can survive in volatility and grow in cycles.
The end comes from the end, the beginning comes from the beginning—The fate of trends.
The trend of the stock market often automatically shifts when its internal logic matures. Just as leaves naturally wither in autumn, only to sprout again in spring, the conclusion and initiation of market movements do not rely on artificial pushes. Policies, funds, economy, emotions—these factors collectively give rise to the end of a trend while also nurturing the beginning of the next one. True experts never attempt to control trends; they only seek to identify signals of change.
In the vastness of fate, seek within this—Investing is like rowing against the current.
"Fate" is the trend, the destiny, the invisible hand of the market. Faced with vast data and complex logic, investors attempt to uncover the secrets amidst the fog. Whether technical analysts study chart patterns or fundamentalists analyze financial reports and macro data, their fundamental aim is to "seek within this"—to find order in chaos and seek advantages in probabilities.
The rise and fall of the world is not free—Respect the market's impermanence.
The rise and fall of the market cannot be swayed by individual will. Even the most rational investors cannot predict the introduction of a policy or the impact of a sudden event. What we can do is not control the market, but control ourselves; not predict the future, but embrace uncertainty. Respecting the market is a fundamental quality of every mature investor.
Investing is not an intellectual game, but a comprehensive practice of emotion, cognition, discipline, and philosophy. Between one yin and one yang, where ups and downs are unpredictable, if we can view fluctuations with a calm mind and observe the market with a sense of reverence, holding onto logic and faith amidst volatility, perhaps we are not far from the moment of traversing cycles.
