Anyone with a little common sense knows that there will always be a phased correction in the unilateral rise of Maotai. Looking back on several adjustment processes of Maotai in history, mainly the plasticizer incident and stock market crash, especially the plasticizer incident once made the market have fundamental doubts about Maotai, and as a result, Maotai was safe and sound.

The plasticizer incident is an accidental factor and there is no expectation. Those who claim to have foreseen that Maotai was caught in the plasticizer storm are wise after the event. Similarly, although the stock market crash has certain expectations, the specific time is not easy to calculate, that is, the market can not accurately predict when Maotai will be affected by the stock market crash and turn around. Only when the stock market crash comes will everyone know.

Therefore, the factors that lead to the next major adjustment of Maotai are likely to be accidental factors, which have little to do with the fundamentals of Maotai. It is difficult for the market to spy on the turning point of Maotai by studying its business structure. Maotai executives don't know, dealers don't know, and Dan Bin, who claims to be a hardcore Maotai fan, can't know. Moreover, based on the size of Maotai today, Maotai is beyond the control of a certain person or a specific event.

Still taking plasticizers as an example, this incident led to considerable adjustments in Maotai, but it did not change the overall trend of Maotai. Whether it is business or market value, the upward direction of Maotai has not changed.