What I take from Yi Lihua’s words isn’t hype — it’s positioning.
He’s not arguing about short-term macros, narratives, or timing the next pullback. He’s saying something simpler and harder to accept: trends don’t ask for permission. Just like Buffett or Duan Yongping didn’t make money by guessing daily moves, real gains come from aligning with long-term direction, not from clever trades.
In his view, this cycle has already chosen its path. The market is in a bull trend, regardless of how uncomfortable it feels right now. Bears making noise at this stage aren’t early — they’re late. History shows that most shorts don’t get wiped at the top, they get squeezed before the real acceleration begins, covering with small losses while the trend quietly builds strength.
I also found his last point sharp: pessimists are often “right” in analysis, but optimists are the ones who actually move forward. Markets don’t reward correct opinions — they reward correct alignment.
Whether one agrees or not, the message is clear:
this phase isn’t about being clever. It’s about respecting the trend before it becomes obvious to everyone else.