From my point of view, those who are keen to buy industry ETFs and industry themed funds are essentially “shareholder thinking”. It’s just that the trading object has been changed from individual stocks to funds, but the trading initiative and industry timing initiative are still in their hands
Like when I first transformed into a fund blogger, I actually had the same way of thinking, so there are some remaining pharmaceutical and consumer-themed funds (2/3 of the industry-themed funds were sold by me in August 2020).
In contrast, the “weak thinking” is to completely recognize the food, respect the professionalism of the fund manager in the industry and individual stock allocation, and completely hand over the initiative.
Adhering to the “strong thinking” and keen to trade industry ETFs or industry themed funds, these are essentially just investors who have “changed a layer of skin”.
So why did the audience still listen to me when I talked about industry ETFs in Yicai in 2019? Because buying a single stock is a more extreme “strong thinking” than buying an industry ETF, the audience that has evolved into an industry-themed fund in 20 years can still accept it. I think this thing is still similar to stock trading.
But after the evolution of “weak thinking” in 2021, a bunch of audiences will be unhappy when they see you, because influenced by many people who put their own people in the position of “stock gods”, many audiences feel that “fund managers gather together to harm retail investors, fund managers take My money is smashed…”
It’s just that they don’t know that those people who are “stock gods” either don’t dare to show the real dishes, or they can’t watch the real dishes…
The essence of “weak thinking” is that I conduct quantitative analysis from multiple perspectives based on the actual performance, and then qualitatively describe the fund manager’s ability circle and personality characteristics, and relatively accurately conclude that the fund manager is a “significantly stronger person than me”. With such a judgment, the process of handing over the responsibility of industry allocation and individual stock allocation to the fund manager with confidence and boldness.
Therefore, the essence of “thinking of the weak” is that we “respect the profession, the strong, and the market”. Judging from the effect of the real market, on the contrary, we, adhering to the “thinking of the weak”, have become “the strong in terms of performance”….
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