Market Overview - Major A-share indices collectively rose on July 28, with the Shanghai Composite Index up 0.12% at 3597 points, the Shenzhen Component Index up 0.44%, and the ChiNext Index up 0.96%, reaching a new high for the year [1][2] Sector Performance Strong Sectors - The PCB and electronic components sectors experienced significant gains, with stocks like Fangbang Co., Ltd. and others hitting the daily limit [2][4] - The insurance sector saw a collective rise, with New China Life Insurance increasing over 4% [6][7] - The film and cinema sector strengthened, with stocks like Happiness Blue Sea hitting the daily limit [8][9] - The battery sector also rose, with stocks like Copper Crown Copper Foil reaching the daily limit [10][11] Weak Sectors - The coal sector was sluggish, with Xining Special Steel dropping over 8% [12][13] - The precious metals sector declined, with Hunan Gold falling nearly 3% [12] Notable Stocks - Fangbang Co., Ltd. rose by 20.01% to 47.14, while Copper Crown Copper Foil increased by 20% to 25.08 [5][11] - New China Life Insurance rose by 4.72% to 66.80, while China Pacific Insurance and China Life also saw gains [7] - Happiness Blue Sea surged by 20% to 17.58, and China Film increased by 10.04% to 14.58 [9] - Xining Special Steel fell by 8.68% to 3.47, while Hunan Gold dropped by 3.38% to 18.29 [12][13] Company Developments - Heng Rui Medicine reached a new high since July 2021, closing at 62.04, following an agreement with GSK for exclusive rights to several projects, with an upfront payment of $500 million [14][16]

Core Viewpoint - The article emphasizes the importance of understanding business cycles and adapting business models to navigate challenges, highlighting that opportunities exist in every cycle for capable entrepreneurs [4][18]. Group 1: Business Cycle and Growth - The current macroeconomic environment is transitioning from a phase of challenges to a rebound period, with most domestic companies still in the early stages of their lifecycle [4]. - Companies should focus on building business models centered around quality and efficiency, which may not yield immediate results but can lead to long-term sustainability [6]. - The journey of a founder is a lifelong career, requiring them to evolve from product managers to sales directors, and eventually to CEOs and board chairs, each role demanding different skills [8][9][10]. Group 2: Response to Challenges - Post-pandemic, companies have faced increasing pressures, prompting a shift towards a "wartime" transformation strategy, which includes cost reduction and efficiency improvements [11][12]. - The transformation process involves three phases: driving cost reduction within one month, adjusting growth models within one to three months, and redesigning business and organizational models within three to six months [13]. - The introduction of modern management tools from successful companies like Huawei and JD.com is crucial for navigating the competitive landscape [15]. Group 3: Competitive Strategy - In a highly competitive market, achieving total cost leadership is essential for transforming competitive advantages into core competencies and ultimately into a sustainable business model [16]. - The current economic cycle presents challenges, but it is not insurmountable; there are always opportunities for good businesses and excellent entrepreneurs to emerge [17][18]. - The key to thriving through cycles is to understand one's position within the cycle and continuously focus on improving operational capabilities while seizing opportunities for growth [19].

Group 1 - The article discusses the relationship between wealth, skills, and cognitive ability, emphasizing that for most ordinary people, the primary way to earn money is through selling their skills and time rather than relying solely on cognitive enhancement [8][12][24] - It highlights the societal stratification in terms of income generation, where the lowest tier sells pure time, the middle tier sells skills along with time, and the top tier engages in high-risk, high-reward activities [2][3][4] - The article suggests that many individuals mistakenly believe that enhancing their cognitive abilities will directly lead to wealth, while in reality, practical skills and the ability to sell are more crucial [17][24][25] Group 2 - The text points out that a significant number of people with high cognitive abilities still struggle financially due to a lack of practical skills or luck, indicating that cognitive enhancement alone is insufficient for financial success [12][26] - It mentions that many wealthy individuals often rely on marketing and risk-taking rather than deep knowledge, suggesting that practical experience and the ability to sell are more valuable in the marketplace [18][24] - The article concludes that for ordinary people, the best approach to achieving success is through passion and repetition, which can lead to skill improvement and increased opportunities [29][31]