https://tidyfirst.substack.com/p/the-trough-of-despair在软件变好之前会先变差。而作为软件设计者能做的就是调整每一步的步长，让他尽可能的小，以及第一次产生价值的时间和提升比率。

All Is Well

https://tidyfirst.substack.com/p/the-trough-of-despair
在软件变好之前会先变差。
而作为软件设计者能做的就是调整每一步的步长，让他尽可能的小，以及第一次产生价值的时间和提升比率。

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Date: 2025-07-02| All Is Well

That growth environment will include rising inflation and interest rates. Those upward shifts naturally accompany healthy growth periods as the demand for resources, products and services rise. Importantly, the Federal Reserve has laid out the rationale for not interfering with that natural growth transition.It's not exactly a fad, but there is a widespread willingness to pay up for a growth story. Classic fundamental analysis takes a back seat. Even negative earnings are ignored. In fact, positive earnings seem to be a limiting measure, producing the question, "Is that all you've got?" The preference is a vision of untold riches when the exciting story plays out as expected.