Life has cycles, the economy has cycles, and the market has cycles too. If you zoom out on life, a person's fate isn't a straight line upward. Youth builds up, young adulthood charges ahead, midlife solidifies, lows reshape, and peaks cash out; each phase has its own rhythm. There are similar patterns in the macro economy, with the Kondratiev wave describing the long-term cycle of economic boom, bust, depression, and recovery. The saying 'wealth in life depends on the Kondratiev wave' essentially means that true big opportunities often come from the position in the cycle.
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