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$Kweichow Moutai(SH600519)$ $Haitian Flavor Industry(SH603288)$ $Hengrui Medicine(SH600276)$ This is a summary that I originally wrote when I read Buffett’s letter to shareholders. After a few years, I look back and have a new experience. Why is a shareholder letter a classic? The classic is that with the increase of experience, read it again and again […]

Value Investment COFCO Jiakang vs BYD, Baiyunshan vs Wuliangye Eight years ago, I took a heavy position in BYD. At that time, BYD’s stock price was 30 yuan, with a market value of 100 billion yuan. As the leader of electric vehicles at that time, it can be seen with a telescope that the vigorous

1/6, the price increase cannot be retained In the A-share market, the price increase is the most common market, because the threshold is low, there is no need to study the industry chain, and there is no need to analyze the fundamentals. But the “price increase market” is also the most game market. Sometimes the

On August 29, 2022, the “Oscar” award of China’s fund industry, which was “late” for four months, the Golden Bull Award was finally released. In the new fund evaluation of Snowball, 12 Golden Bull Award funds were selected, and there are many funds worthy of attention. Today, let’s talk about Du Yang, the fund manager

The research bank is divided into four levels. The lowest level only looks at the growth of PB, PE and statement, which can only see the modified results. The second layer must learn to look at asset quality, non-performing assets, provisions, and real profits and growth under the same standard after restoration. But what you

With the intensification of global recession expectations, the war in Russia and Ukraine, and inflation, the post-pandemic market will no longer be the pre-pandemic market. What awaits the shareholders of COSCO SHIPPING may not be surprises and uncertainties, but an abyss of despair. If you look at the financial reports of the past ten years,

I’m really sorry, if you really want to know how the A-share market will go in the next month, Brother Sheng can’t give you any advice. After all, Brother Sheng has given up fortune-telling for a long time. In fact, staring at the trend of short-term markets such as the next few days and a

$BYD(SZ002594)$ The single-vehicle profitability of BYD’s auto business has been analyzed before, and it has been in an unstable state before. This year, with the increase in the sales volume of the automobile business, the single-vehicle profitability has obviously improved to a higher level. However, by analyzing the data of the financial report, it can

As shown in the picture, I have added Shaanxi Coal Industry and Yanzhou Coal Industry which I once missed. In investment, we often encounter the problem of how to expect the stock price to not rise for low-valued stocks. This is what every value investor has experienced. I saw a friend in the group saying

# Lao Si Ji Hard Core Evaluation# $ Bank of Communications Trend Mix A (F519702)$ $ Hua Xia Industry Prosperity Mix (F003567) $ $ China-Europe Value Smart Return A (F166019) $ @Today’s Topic Snowball has sorted out 13 new-generation fund managers who have received more attention and their current representative works: Judging from these representative

Many people are confused about Buffett selling trams to buy oil in recent months. This does not conform to the logic of the market. In recent months, the sales of trams have increased several times compared to last year. Yes, this is just not in line with the logic of the market, but I think

After the market closed on Friday, the China Securities Regulatory Commission approved the trading of CSI 500 ETF options on the Shanghai and Shenzhen exchanges. Although after years of construction, there have been many wide-based derivatives, but the approval of the China Securities Regulatory Commission still has a strong signal significance. The first layer of

I’ve always thought that if you can’t form an intuitive impression of a person after communicating with him for an hour, it only shows that the person is not sincere. Fortunately, the fund manager of Harvest Fund, Qu Shengwei, is a very sincere person. Before his online roadshow was over, I had already conceived the