---
title: "The essence of a cycle lies in the discrepancy between expectations and reality, which is why cycles repeat continuously."
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40721251.md"
datetime: "2026-05-13T11:19:47.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40721251.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40721251.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40721251.md)
author: "[每天思考一点](https://longbridge.com/en/profiles/14843281.md)"
---

# The essence of a cycle lies in the discrepancy between expectations and reality, which is why cycles repeat continuously.