Micro-innovation: In the case that it is difficult to make “disruptive innovation” for products, it is also a method to carry out “micro-innovation” from the user’s experience. When researching customer needs, ask more questions about why, so as not to miss the real pain points.

Wave of artificial intelligence: The future of artificial intelligence computing power is not the independent performance of a single chip, but the communication ability between massive chips, and the real rise of artificial intelligence needs to reconstruct the “root branch” from the bottom.

“Through the capital cycle” : Long-term investors tend to focus more on the supply side, which is much less uncertain and more predictable than demand. To be a cyclical investor, you need a methodological “supply-side reform.”

微创新：在很难对产品做出“颠覆性创新”的情况下，从用户的使用体验出发，进行“微创新”，也是一个方法。在调研客户需求时，要多问一个为什么，这样才不会错过真痛点。

人工智能浪潮：未来人工智能算力拼的不是单个芯片的独立性能，而是海量芯片相互之间的通信能力，人工智能的真正崛起，需要从底层去重构“根枝术”。

“穿越资本周期”：长期投资者往往更关注供给侧，供给比需求的不确定性要小得多，也更容易预测。想要成为一名穿越周期的投资者，你需要来一场方法论上的“供给侧改革”