Add Fu Zidong: On the battlefield combat mentality to do investment

Securities Times Network (www.stcn.com) September 23, add rich equity investment deputy Director, Hui Add rich growth focus, private Vitality fund manager Zidong think, many times, the fund manager's work and Battlefield general is very similar, general in the battlefield mobilizing its troops, defeating, The fund manager, through the industry and the layout of the stock and adjustment, in the uncertain environment to find relatively determined investment opportunities. Financial profit and demand savings rate 1000% many generals have memoirs, and studying their combat experience is instructive. Suyu, who is known as the PLA's first general, has a similar experience, and in his memoirs he reviews in great detail the ideas, preparations, operations, and camera choices of the major battles, all of which are focused on detail, and the results of each step are carefully implemented. Suyu many battles, to Da Yu mainly, snails shell in the taste of the dojo is obvious. The most appropriate tactical choice is made by judging all the factors of equipment strength, officers ' behavior habit, morale, position and so on. With the development of the war, it is necessary to keep enough confidence and endurance to own judgment, and to respond objectively to the new changes. Another famous man summed up his combat experience, one of the key points to talk about: the first to diligent, all the things you can do, you must personally look at, hands-on; secondly, to investigate, the enemy, terrain, troops to do well aware of; again, do not fight unprepared war, to all aspects of the problem to think through, It is to think carefully about every battle-fighting organization that puts forward a variety of possible situations, and from the worst, most serious cases, to find answers so that it doesn't make a big mistake; Because any battle can not have a full range of conditions, there are 100% of the grasp, once there are about 70% of the grasp is very good, at this time, to resolutely fight, let go of the dozen. By reading these experiences, one can find that his illustrious exploits are not luck, but the scientific methodology and the diligent work attitude are the result. "To be surprisingly" can sum up the similarities of the two military command experience: to be positive. Their successful experience has a direct effect on the methodology of my stock investment. The stock market is fast changing, the opportunity and risk of speculation and investment are mixed, the investment style and value orientation of investors are often disturbed, and various so-called investment schools emerge endlessly. In fact, the experience of these excellent generals shows that the methodology itself is not much new, the core is to maintain a diligent, rigorous and pro-work attitude. To Qi Sheng, but also the generals to excellence of the finishing touch of the pen. Also as a good generals, and presents a lot of different styles. Some generals are good at slow and slow, do not pursue a pawn, a city a pool of gains and losses, and patience to wait for the opportunity to mature when the Grand decisive battle; some generals almost entirely from the battlefield itself, through the continuous small-scale campaign to understand the opponents and the battlefield itself, and timing to increase the scale of theGenerals basically do not play the battle of no certainty, some generals feel almost on the decision, and through the actual combat itself to adjust. There are many similarities between the portfolios of different fund managers. I often learn many excellent peers in the construction and adjustment of the portfolio. Some fund managers are always able to lay out the hottest growth stocks in the next quarter. Some fund managers like to be in the local industry big weight allocation, and can make the correct adjustment in time; some fund managers rarely make major adjustments to the industry and stocks, but a long period of investment shares a significant excess income. I think, buy the next stage of cattle stocks, buy heavy position of cattle stocks and industries, is undoubtedly the common pursuit of portfolio managers. The achievement of these excellent peers, the inevitable condensation of a large number of hard sweat; At the same time, different fund managers have different growth paths, often reflecting the difference between the risk and opportunity measurement of understanding and preferences. For the author, the continuous learning of their outstanding quality, in order to strive to adjust to the most suitable for their own investment style. March to war, war decision once wrong, army even own life will lose, everywhere is the lesson of blood. But the stock investment, the decision mistake can cause the loss. The author thinks, should often to march the mentality of the war to request oneself, pour out the innermost feelings deepest deep thought, only then hope to obtain the good investment performance.