Understanding the economic cycle, just looking at the K-wave cycle chart is enough. You might say, everyone already knows this, is this chart still useful? First, it's impossible that everyone knows. Second, even if everyone knows, not everyone will believe it. Third, even if everyone believes it, not everyone will act on it. Fourth, even if everyone acts on it, not everyone will persist. Have you forgotten the 80/20 rule? Human economic activities are规律的 (rules-based), but the way they manifest each time is different. History has proven this many times; it only shows similarities in a striking way, just presented differently.
