There is a saying that “life is made by Combo” do not know if we have heard.
The so-called Combo, referring to the “Combo Cycle”, which is the theory of the former Soviet economist Nikolai D. Kondratiev, says that the cycle of economic fluctuations is about 50-60 years, during which will experience a small period of “boom - swell - recession - recovery”.
And according to this theory and cycle, there appeared Merrill Lynch clock:
Mainstream expectations are to open the fifth Combo cycle in the history of human civilization by 2020-2030, with a focus on innovations in the fields of big data, blockchain, cloud computing, 5/6G, new energy, new energy, new materials, biotechnology, and more.
This is the big Combo cycle, each cycle lasts for about 50-60 years. The driving factor is the increase in productivity and efficiency of technological innovation.
In the large cycle there will also be a lot of small cycles, will also experience the process of “prosperity - stagnation - recession - recovery”, and repeated.
If we can accurately determine the current large period and small period time node, we can accurately invest assets added in the corresponding period.
So that no matter how the environment changes, assets are constantly growing, note that here is the asset rather than money, money is just one of the assets.
Theory is always plump and plump, but the reality is skinny.
In fact, almost anyone can't accurately predict the cycle, nor...