The closing bell of the New York Stock Exchange — from the original Chinese gongs to today's electronic chimes — has witnessed over 150 years of financial ups and downs. Every strike is like a heartbeat of the market, but have you ever wondered what those special moments of silence are really telling us?

In 1914, World War I broke out. The NYSE was unusually silent for more than four months. Traders at the time looked at the empty trading floor and truly understood what liquidity freeze meant. No matter how many assets you held, if the market is stagnant, everything is pointless.

Half a century later, in 1963, on the day Kennedy was assassinated, the exchange closed early to mourn. This time, the market shock was brief, but the lesson for investors was just as profound — you never know when the next "black swan" will arrive.

Later, in 1968, even more absurd things happened. Trading volume exploded, paper certificates piled up into mountains, and the exchange was forced to close every Wednesday to process these documents. The market stagnated—how should your money flow? This crisis directly led to the birth of modern electronic trading systems.

Looking at these moments in history, the real insight isn’t about memorizing specific dates, but about a simple principle: **Putting all your chips into a single asset is like putting all your eggs in one basket**. Whether it’s war, political events, or system failures, any market shock can instantly render your wealth immobile.

Diversification isn’t conservative or passive. It’s like installing multiple motors in your portfolio — when one direction stalls temporarily, others can keep turning. Crypto assets, traditional finance, physical assets… In this era of increasing variables, mastering the balance of liquidity and risk resistance is the true skill to navigate cycles.