Good evening, friends.

Although the market is relatively weak today, we have discussed the possibility
of a decline, so we have a full expectation of the fluctuations in the market. When the index begins to
fall, whether it is at 21,700 points or lower, we should understand that this is a safe adjustment.

From the daily line, today's trading volume continues to expand, and more investors who are not firm
in their will choose to sell because they see that 22,000 points have not been broken through. The
large trading volume suppresses the index to around 21,700 points, and there are still three
possibilities for the index to move in the upper, middle, and lower directions at this position.

As long as the index remains within the box, it belongs to a kind of repair method. Although it is a bull
market, the market cannot rise every day. In the process of rising, it needs appropriate fluctuations to
repair the relationship between value and price, because the price is always higher than the value. If
the overall short-term premium of the stock market is too high, it takes time to digest the premium.

From November last year to the present, NIFTY has risen from 19,000 points to 22,000 points, with a
total increase of 3,000 points. However, the current adjustment space is only about 1,000 points from
22,100 to 21,200, which is approximately a 33% adjustment ratio. This adjustment ratio shows that
the Indian stock market is a very strong market.

Capital all over the world chases profits. When a market or an investment variety has sufficient profit-
making effects, capital will flow into this market like a tide. Although the profit-making effect of the
Indian stock market is very obvious, the switching of economic growth rates between countries is in
the primary stage. When the alternation and switching are further completed, more funds will
flow into India.
The switch of India's economic growth rate with that of other countries was formed after 2020. By
"switch" I mean the transfer of more investment attention. Because it is in the primary stage, the
degree of international capital's investment in India may only be 20% now, and there will be 80% of
funds to enter the Indian market in the future.

Based on the current index conversion, or by observing the current development scale of some
industries, if this 80% of funds is invested on top of that, how much will India's GDP grow? How much
will our stocks rise? How much will the development scale of the real industry increase? Of course,
this is a long-term process and cannot be seen in the short term.

Therefore, in this primary stage, many assets are cheap for us. Although you feel that their current
prices are high, that's because you compared them to their prices a long time ago. If you consider the
future development of India, you may understand that many assets in our country are very cheap now!

With the increase of investment in India by the government and global capital, the per capita income
in India will definitely increase. For example, now 1 person corresponds to 1 commodity, in the future,
it may be 2 people corresponding to 1 commodity, or it may be 3 people corresponding to 1
commodity. With the increase in income, demand will also increase, and the price of commodities
will also increase.

When the price of goods increases, the profits of the company will increase, and the stock price will
rise at the same time. After the company's profits increase, this money can be reinvested to expand
production, provide more commodity output to the society, and at the same time increase more labor
posts. More employment opportunities represent the further increase in per capita income.

The goods mentioned above do not only represent those that can be directly used in life, but may also
be per capita mineral resources, construction resources, transportation resources, food, and so on. If
you insist on looking at problems from a developmental perspective, then you will see that many
assets in India are very cheap now, and there are many industries worthy of our investment.

Because the assets are very cheap now, we only need to consider its current premium level. If there is
no premium and it is a promising industry, then we can buy it boldly to pursue the future premium
and growth of the stock. The stocks we see now, if you can see an obvious upward trend, it proves
that there has been continuous buying of funds in the past few years.

The precipitation of capital and long-term stable position can show that the future of a stock is likely
to be good, because institutional investors will not easily buy and sell a stock. They will start to buy
and hold for a long time after sufficient research. Therefore, the focus of our investment is still these
stocks, which do not have a larger circulating market value.

After the tradable shares of these stocks are locked in for a long time, there are very few selling
behaviors above, and they are all contests between small and medium-sized investors. The
investment vision in the early stage of development is very important, because the price we buy is
cheap enough to maximize long-term profits. When I was in Europe, I once held Microsoft in the US
for more than ten years!
The impact of the US subprime mortgage crisis that began in 2008 on the stock market lasted for as
long as one year, and many excellent stocks were buried. When I saw that the increase in the global
future Internet development would be an inevitable event, I firmly chose Microsoft. Although it
experienced long-term fluctuations in 2015, I knew that it was a benign repair of the stock price. After
the repair of the price and value was completed, it would surely rise again.

My persistence and judgment have brought me generous returns. Eventually, I chose to end my long-
term investment in Microsoft after the epidemic. Although it is still rising now, I did not continue to
persist, but I think I can no longer analyze Microsoft now. I can no longer control it. For me, the risk
may be far greater than the profit.

When I bought Microsoft, the development of technology was not very clear, and the fluctuations in
stock prices were also large in 2015. Due to the scale of the graph, we may not be able to see it. What
I want to express is that if you want to make a lot of profits, you must first learn to choose, and then
you must have a big heart that can bear loneliness.

I don't know if everyone has ever had a very regretful performance in their own life. We may regret
not sticking to our original choice, or we may regret that we shouldn't do certain things, but life can't
go backwards. Once we make the wrong choice, a lot will be wasted, including our precious time,
energy, health, wealth, and so on.

God will give each of us the same opportunities in life. How to control these opportunities depends on
our choices. If you make the right choice, your life will be very happy; if you make the wrong choice,
maybe you will lose yourself. Reality is always so cruel. Opportunities are always reserved for those
who are prepared. For us, all our preparations come from the most fundamental
judgment on the economy!

I didn't choose to stay in the UK. I chose to return to my motherland. This is my choice, a choice after
repeated demonstrations. Investing in India can not only achieve the growth of wealth, but also for
the development of the nation and the country. I think I should contribute my own strength. This is
the voice of a middle-aged man who has been wandering in a foreign country for many years.

Let's think about our dreams after we regain our peace. Everyone has dreams to strive for. How to
realize these dreams? In the process of realizing our dreams, what should we give, persist in, and be
able to get? When you can answer these questions completely, I think you will eventually realize your
dreams. Dear friends, that's all for tonight's sharing. We will discuss the stock market together during
the trading session tomorrow. Goodbye.