The prelude to a new era
Chapter One: The Confused in 2020
The New York Times, published in the final week of 2020, defined the year with twenty short phrases:
ck lives matter
brain link all
blursday
magi
circuit breaker
tag
d
essential workers
tten the curve
frontline workers
endorphins......
These words mostly revolve around two things.
Merlin's arrival and the COVID-19 pandemic.
Perhaps we shouldn't call him Merlin now.
Since Merlin is most likely not his real name, who cares? Whatever his name is, he has brought about earth-shattering changes to the entire planet Earth in the past fifteen years.
2020 was undoubtedly a year of confusion, but brain-computer interface technology and super-long-lasting lithium batteries are telling people that new technological breakthroughs have been achieved.
The future is bright.
Even if these technologies were developed by a Chinese company.
But at the time, people all over the Western world were confident that we could catch up in these technologies with remarkable ease.
However, at the micro level, what is more prevalent around us is the endless growth of numbers and the constant news of healthcare collapse.
At this time, they also learned about information related to magic.
Even though more than a decade has passed since the Magi system was proposed, I still don't understand how to calculate the cosmic coordinate system.
Even the cosmic coordinate system of this planet beneath my feet.
All these factors combined left the people of that time in a state of utter confusion.
According to data from the American Bureau of Statistics for 2030, the highest percentage of college graduates in 2020 chose to take a gap year.
In addition to this data, the ANP consumer confidence index fell for twelve consecutive months that year, and even in the month when brain-computer interface phones were launched, the consumer confidence index was still falling.
The consumer confidence index hit its all-time low of March 2013 at the end of that year.
The American stock market has fallen 33% from its peak, even before the Federal Reserve raised interest rates.
However, pessimism also contained optimism, and in just five months, the American stock market reached a record high.
The five-month recovery has yielded an annualized return of 164%.
The lack of confidence in consumer spending and the rebound in investment both tell me about the confusion people feel in 2020.
What happened in 2020 reminded me of an incredible article Drew Dickson wrote on Amazon, which included an interesting thought experiment.
Imagine it's 2007, and a group of research analysts are discussing Amazon's revenue projections for 2020. One group of analysts (let's call them the "value investing" group) predicts that Amazon will have $27 billion in revenue in 2020.
But another group (whom we call the “value speculation” group) believes that Amazon’s revenue will reach $37 billion at this point.
The two groups disagreed on almost everything. They had different assumptions about expected GDP growth, Amazon's profit margins, and Amazon's profitability in 2020. However, despite these differences, both groups turned out to be wrong.
Because Amazon's revenue in 2020 was not $27 billion or $37 billion, but $386 billion!
2020 was also the eve of a major change in the future. Everyone was confused and unable to guess or predict what the future would be like.
From an investment perspective, people choose to vote for large companies and giants, hoping they will lead them out of a period of confusion, believing that these once-successful companies will continue to succeed in the future.
From a consumer perspective, people don't trust that they will be better off in the future than they are now, so they choose to cut back on spending to prepare for the future.
Contrary to everyone's expectations, COVID-19 quickly disappeared without a trace due to the emergence of effective drugs, but the mage's influence on Earth has continued to this day.
It has even profoundly changed all aspects of modern people's lifestyles.
This article I'm writing now would have been seen by no fewer than a million people fifteen years ago, but now it's seen by less than ten thousand.
Chapter Two: The Inescapable Issue of Scientific and Technological Innovation
From the very beginning of the information age, when we talk about giants, we inevitably think of American companies. From the earliest Bell Telephone Company, to the later Big Blue IBM, to the two giants of the personal PC era, Microsoft and Apple, and then to the Big Four of the mobile internet era—Google, Amazon, Apple, and Facebook.
These companies have not only allowed America to reap profits worldwide, but have also convinced people around the world that only America can lead the future development of the planet, and only America has the ability to drive the advancement of technology on the planet.
When did this phenomenon change?
Kechuang Biotechnology is an enterprise that cannot be ignored.
At the same time, it is an enterprise that cannot be bypassed on the eve of a new era.
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