Ladies and Gentlemen,
At present, the challenges and crises confronting us are truly unprecedented. The anxiety experienced by many of our students rivals that felt during the 2008 financial crisis: the situation in Ukraine remains tense, relations between China and the United States continue to deteriorate, and political divisions within the United States are becoming increasingly pronounced. The uncertainty of the global economy has caused distress across nations—rising prices, inflation, market volatility, and the lingering nightmare of the COVID-19 pandemic. These have not only profoundly affected our companies, colleagues, and clients but have also shaken the entire world. The Ukrainian people are enduring immense suffering, and the global order itself may be undergoing a profound restructuring—this is, indeed, a moment of historic significance.
Yet, it is precisely in the face of such adversity that we must set aside our differences and work hand in hand with other Western nations to defend democracy and fundamental freedoms, including free enterprise. History has shown us that in times of great crisis, the United States and its partners have stood together in solidarity for a common cause. Today, our nation once again requires the concerted efforts of both the public and private sectors. We must demonstrate leadership while enhancing our national competitiveness—this, too, demands a renewed commitment to ensuring equal opportunity for all.
Though the circumstances remain deeply unsettling, it is nonetheless inspiring to reflect upon the past year. Indeed, 2022 was undoubtedly a year of remarkable vitality for the Valor Renewal:
– Our global student body has now exceeded 50,000 members. – Our investment portfolio achieved notable results this year, particularly in the gold and cryptocurrency markets.
– LucyAI Investment System made significant progress: the four major trading and investment frameworks—Trading Signal Decision System, AI Programmatic Trading System, Investment Strategy Decision System, and Expert and Investment Advisory System—have all been successfully established and are now undergoing testing in major markets. It may take several years, yet I am firmly convinced that this will mark a revolutionary breakthrough in the investment industry.
– At the same time, we have expanded our market share across multiple business lines, while continuing to invest in products, talent, and technology, all the while maintaining strict credit discipline. I take great pride in the resilience of our company and in the collective as well as individual achievements of our thousands of employees worldwide. Throughout these challenging years, we have never ceased to do what is right—to serve our clients and our communities.
Our success rests upon steadfast principles and convictions. Looking back over the past twelve years, since I assumed the position of Dean of the Valor Renewal in 2011, one recurring theme has defined our journey: “students’ interests first” and “practice is the best teaching method.” It is evident that our financial discipline, our dedication to students’ growth and breakthroughs, our continuous investment in innovation, and our emphasis on the ongoing development of our staff have enabled us to uphold both consistency and commitment. Moreover, throughout the organization, we have remained faithful to a set of principles that merit constant reaffirmation.
First and foremost, our core teaching philosophy is “students’ interests first” and “practice is the best teaching method.” Because we are not a publicly listed company, our code of conduct is not governed by a “shareholders first” doctrine. This may, to some extent, limit the pace of our expansion; yet, it has earned us the unanimous recognition of our students. From humble beginnings, we have established a sterling reputation worldwide. It is precisely this philosophy that has allowed us to flourish, even amid heightened market risks.
Second, the concept of diversified investment lies at the heart of our survival and development. By maintaining a broader strategic perspective, seizing well-defined investment opportunities, minimizing risks, and maximizing returns, we adhere to the very foundation of sound investment decisionmaking. Our commitment to diversified investment instruments, rational capital allocation, and the identification of clear opportunities constitutes the enduring secret of our sustained growth.
Third, unity is the foundation of mutual success. We stand together in support of the fundamental principles and strategies that have built this company and enabled its continued prosperity—from maintaining a sound balance sheet, consistently investing in and nurturing talent, and fully meeting regulatory expectations, to the ongoing enhancement of risk management, governance, and control, all while serving our clients and uplifting communities around the world. This philosophy is deeply rooted in our corporate culture and influences virtually every role within our organization.
Fourth, only through continuous technological innovation can we achieve excellence. Innovation remains a boundless source of productivity, and the steady maturation of artificial intelligence and blockchain technologies promises to yield the greatest rewards. As early as 2018, our engineers and numerous investment specialists devoted immense effort to refining quantitative trading products. With the advent of advanced AI technologies and a new era of digital intelligence, our AI Investment System has become ever more sophisticated. It will, without question, serve as a formidable instrument in our pursuit of excellence.
Fifth, the protection of shareholders’ interests. Only a company that is healthy and dynamic can create genuine value for its shareholders. This requires a steadfast commitment to clients, employees, and the broader community. Conversely, if any one of these stakeholders is neglected, how could a company possibly remain sound and sustainable?
Sixth, we strive to build an enduring enterprise founded upon interdependence and mutual benefit. Despite our best efforts, the protective walls surrounding our company are not especially high, and we continue to face exceptionally fierce competition. I have written extensively about this reality in the past, and I raise it again here. We are acutely aware of our strengths and weaknesses, and we endeavor to perform our duties to the utmost of our ability.
The year 2022 will stand as one of the most valuable chapters in our history—a year that reawakens our sense of responsibility, inspires continuous progress, and reminds us to act with reverence and vigilance. I am firmly convinced that all things will continue to improve, and that every member of the Valor Renewal will grow stronger and better.
God teaches us to remain devout, humble, solemn, honest, diligent, and frugal. Every individual is granted equal opportunity and may achieve success through perseverance. We are among God’s chosen people; therefore, let us unite, lead by example, and spread the right values—championing freedom and justice. Let us dare to take risks, act boldly, and strive relentlessly, as we build together our City on the Hill.

Roland Haverford
May 11, 2022