Mr. Wang Chuan's sentence has been used for life: the key to understanding tsunamis is to pay attention to and observe earthquakes in the deep sea, rather than inconsequential waves on the shore. It just takes the heart of the following tweet: most investors are staring at the waves to see the good news in the market, and only a few are listening to the crust that has been ambushed before the waves come. Obviously, when it comes to investment, we must realize that the observation of deep-sea earthquakes in the earth's crust is the first principle, and everything else is everything else! This passage actually illustrates the three-tiered realm of tsunami philosophy: The first layer: watch the waves: chase the news, listen to KOLs, follow the trend and buy up; Emotionally driven, fluctuations are signals; Level 2: Look at the tides: study data, trends, liquidity changes; Macro-driven, cyclical understanding; The third layer: looking at the earthquake: insight into institutional change, technical paradigm, value logic reconstruction; Structurally driven, the certainty that the bet did not occur; But the real "rising tide" is actually a window of opportunity for system reconfiguration, and you can get the benefits of the first few layers at the first few layers. Any investment with a large cycle of return is the result of structural fission + predictive betting + position crossing, which is the tsunami: the tsunami is not the norm, but the tsunami is the only leverage, and the investment that can truly achieve the "destiny step" must be completed in the tsunami. Other words: The tsunami moment is the reshuffling of wealth; Standing in the direction of the tide is more important than any effort.