Fengyun Jun has seen two things in the past few days. It is very interesting to look at them together.
One is a new round of online criticism of Dan Bin, saying that he failed to hunt for the bottom, his net worth plummeted, and the rhythm this year was completely wrong; even some fellow fund managers had to post on both feet. In fact, there is also a fund manager, Li Jie, the crystal fly swatter, who has been criticized for his poor performance recently. Then the phenomenon that appears is: as long as you scold the private equity as bad, the manager is not good, and the private equity collects management fees, whoever sees it will give it a thumbs up.
But Fengyunjun doesn’t really agree with this in his heart. The reason is not because Fengyunjun stands with the manager. On the contrary, Fengyunjun is an investor and has always been thinking from the perspective of the buyer. The reason Fengyunjun does not agree is that this kind of cathartic behavior is ultimately meaningless to improve our personal performance and increase our actual interests. If you think this manager is breaking down, the wisest move is to stop losses in time and focus on digging for the next asset. Your previous cognition led you to pick such an asset. Sometimes, you need to reflect, and the income brought by the improvement itself is definitely more than 1% management fee.
The second thing is that the cactus will be released from the purchase restriction. Looking back at Yao Yue’s performance and configuration this year, you will find that when he outperformed the market by a large margin (from June to July), it was the industry concept + growth that he was good at, rather than the so-called “underestimation” and “smooth” that he was not good at. cycle” of these things. Cactus mentioned the need to tactically configure pro-cyclical things in the spring roadshow. Even in the weekly report on June 21, we can still see the word “pro-cyclical”, but it is clear that the performance of products in this range is not good. protrude. After that, relying on the assets of “integrated die-casting” and new materials, it was able to catch up. This is the right taste, and this is the cactus.
Stronger than fund managers, what kind of cognition and ability circle matches what kind of results. This is not empty talk.
$Cactus Yingfeng Yuanhang No.1(P001029)$
#Fengyunjun looks at the market#
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