不要高估短期，不要低估长期

Core Viewpoint - The article emphasizes that market fluctuations are part of a natural cycle, and investors should not panic during downturns, as long-term stability is expected if the fundamentals of companies remain intact [4][10]. Group 1: Market Cycles - The story of the gardener illustrates that both society and markets experience cycles, and current downturns are merely low points in these cycles [4][5]. - Historical examples from the U.S. stock market show that significant downturns, such as the 2008 financial crisis and subsequent recoveries, reinforce the idea that long-term trends prevail despite short-term volatility [7][10]. Group 2: Investment Strategies - Investors are encouraged to adopt a contrarian approach, buying undervalued stocks during market lows and selling during highs, as this aligns with the cyclical nature of markets [5][10]. - Strategies such as long-term investing, asset allocation, and systematic investment plans are recommended as effective methods to navigate market cycles [10].