本书作者运用经济周期理论和独创的宏观分析方法，结合多年投资经验，总结出中国股市的周期波动规律，最重要的是这种周期规律不是只有事后分析才能看到，而是可以运用关键经济指标结合钟摆穿越方法进行准确预测，具有很强的操作性。理解了第一部分的投资者就能够在市场中进退自如，预先规避股市和其他资产市场的系统性风险。进一步地，作者在丰富的交易经验的基础上，以金融学原理为理论依据，推导出计算股票内在价值的增长率定价公式，为投资者选股和确定买卖点提供最坚实的价值依据。公式推导过程中同时证明了"成长就是价值"这一投资领域的价值原理，彻底转变了投资者将"高大上"公司视为价值代表的错误观念。本书提出的定价公式简洁明了，读者可以轻松掌握，该公式尤其适用于计算成长股的内在价值，也适用于衡量IPO新发股的定价高低。掌握了第二部分的投资者将会非常清楚如何从股市赚取利润。(The author of this book applies methods of economy circle theory and unique macro-analysis method, combining with years of investment experience, and sums up the cycle fluctuation law of Chinese stock market. The most important thing is that this cycle is not only seen by afterward analysis, but can accurately predict through the combination of key economic indicators and the pendulum method. It is of strong operability. Investors understanding the first part can enter the market freely, and avoid systematical risks of stocks and other assets markets in advance. Furthermore, the author, on the basis of abundant trade experience, basing on the theory of finance theory, conducts the stock pricing formula of the growth rate within stocks, providing the most solid value basis for investors to choose and determine the buying and selling of stocks. The formula derivation process simultaneously proves that the principle of "growth is the value", thoroughly changes the investors' wrong thoughts of taking "tall, big and wealthy" company as a representative. Pricing formulas put forward by the book is simple. Readers can easily grasp it. The formula is especially suitable for calculating intrinsic value of growing stocks, and is can also applied to measure new shares of IPO pricing. Investors mastering the second part will be very clear how to make a profit in the stock market.)