Core Viewpoint - The article emphasizes the importance of perspective in investment, highlighting that market truths can vary based on individual viewpoints, similar to the philosophical debate illustrated by Su Shi's poem about Mount Lu [2][3][4]. Group 1: Value vs. Trend - The article presents a debate between value investors and trend traders, where value investors argue that current stock valuations are historically high and unsustainable, while trend traders believe in following market momentum as the key to success [5][6]. - Both perspectives are valid within their contexts, but neither is the sole measure of market performance, indicating that market evaluation is complex and multifaceted [6]. Group 2: Long-term vs. Short-term Perspective - Investors are cautioned to avoid being trapped in short-term market fluctuations, which can lead to emotional decision-making. A long-term perspective allows for a more stable view of market trends and potential growth [7]. - Recognizing the long-term upward potential can help investors maintain composure amidst market volatility [7]. Group 3: Establishing Investment Perspective - Investors are encouraged to adopt a multi-faceted approach, integrating various perspectives such as value and trend, macro and micro factors, to create a comprehensive decision-making framework [8]. - Understanding the essence of profitability in the market is crucial for determining whether to align with or oppose market trends [8]. - Embracing probabilistic thinking rather than seeking absolute truths is essential for mature investment strategies, focusing on the likelihood of success rather than guaranteed outcomes [8][9]. Group 4: Cognitive Development in Investing - The article posits that investing is fundamentally a cognitive journey, requiring both critical observation and humility in recognizing one's knowledge limits [9]. - By learning to navigate the complexities of the market with a flexible mindset, investors can develop their unique investment strategies [9].