It is unrealistic to explain the future in just one or two sentences because the future is vast.
New players in the market emerge all the time; the approach of the new player may be the same as before or it may be different.
This is the eternal existence of the spear and the shield; what we can do from beginning to end is to coordinate this issue, not to eliminate it.
Before going out to sea, fishermen do not know where the fish are; they could be in deep waters or in shallow waters, but they still choose to go out. This is the concept.
How to catch fish in deep waters and how to catch fish in shallow waters are methods.
First, there is the correct concept, then there are the correct methods.
Essentially, it is about solving problems through projected thinking. The approach is to reduce variables and increase constants to solve problems.
Therefore, it is necessary to clearly distinguish between which are variables and which are constants, to reduce variables as much as possible and increase constants, to distribute trends, to allocate production to households, which variables affect which content, and whether they can be replaced by constants. The side with more constants and fewer variables will have a greater chance of winning. The more variables there are, the more uncontrollable the risks become, and the more safety distance must be maintained.
With fewer variables and more constants, the risk is low with high leverage/low leverage; with more variables and fewer constants, the risk is high with large fluctuations and low leverage/deleveraging.