---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43287866.md"
description: "Zhou Jintao: Life's wealth comes from Kondratiev waves (real estate cycle + equipment renewal cycle + inventory cycle + Kondratiev recession): Once every 10 years, there will be an asset low point, which is also the most panicked moment. If you have money in hand, whether you dare to go heavy on positions is a turning point for a person. The Kondratiev depression period is expected around 2008, 2019, and 2030.How ordinary people should respond:Check how many months your cash flow can sustain (save your bullets so you have opportunities when they come).Watch for the inflection point where AI shifts from spending money to making money.Look at prices and corporate profits rather than stock prices.You can understand life's wealth through Kondratiev waves like this:Your effort and your wealth are separated by time.Effort determines if you qualify.Time determines if you have the opportunity.He has thoroughly explained that half which is not up to us.Precisely so that weCan do well the other half that is up to us.Have a cup of Mother Mountain coffee ☕, listen to a podcast.Happy weekend.$Berkshire Hathaway B(BRK.B.US)$Taiwan Semiconductor(TSM.US)$Alphabet - C(GOOG.US)"
datetime: "2026-08-08T02:31:46.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43287866.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43287866.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43287866.md)
author: "[小R老板](https://longbridge.com/en/profiles/20878866.md)"
---

# Zhou Jintao: Life's wealth comes from Kondratiev w…


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## Comments (2)

- **Mr sen · 2026-08-08T02:34:04.000Z · 👍 1**: Teacher, have a pleasant weekend
  - **小R老板** (2026-08-08T02:35:05.000Z): Have a happy weekend! 👍