Investment Philosophy
INVESTMENT PHILOSOPHY
Based on common sense, look out globally. Be keenly aware of the long-term trends in disruptive innovation, focus on investing in investment targets with certainty, and long hold to win excess returns.
Common Sense Investment: Investment should not be separated from common sense, and not limited by common sense.
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Understanding Investment: Investment income should come from the growth of enterprise scale and the improvement of profitability.
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Understanding Business: Focus on the company's management team, governance structure, core technology and its business model.
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Understanding Stocks: Exchange high premiums for liquidity, move in accordance with time, and enjoy development dividends in various fields.
Global Investment: Investment should break through the constraints in order to look out globally.
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Understanding World: Different periods and different economies have implemented different fiscal and monetary policies, resulting in different levels of financial market valuation.
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Understanding Globalization: Each economy participates in the global division of labor according to resource endowments, and investment opportunities are also distributed in different financial markets according to their comparative advantages.
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Understanding Global Investment: Broad horizon can grasp investment opportunities in different periods, countries, fields, and industries.
Trend Investment: Investment should follow the trend and enjoy the long slopes and thick snow.
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Understanding Trend: Technological revolutions, business innovations and social changes lead to continuous self-reinforcing structural changes.
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Understanding Long-term Trend: Structural changes accumulate energy and break the old balance and form a new one, create a long-term trend and determines long-term investment.
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Understanding Trend Investment: Long-term trends push relative industries into business cycle, GVC follows trends, allocates funds for concentrated long holding, which contributes to both high margins of safety and high returns.
INVESTMENT SELECTION
Outstanding Industry
Screening dominant industries in high-growth economies
Outstanding Company
Select companies with high moat and sustainable growth
Appropriate Price
Grasp the underestimated opportunities of the company and ensure safe margin
SCOPE OF INVESTMENT
Global Financial Markets
New York
London
Frankfurt
Tokyo
Shanghai
Shenzhen
Hong Kong
Singapore
RESEARCH PROCEDURE
RISK CONTROL
Prior Risk Control
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Four-step Method: Modeling, tracking, verification, and correction
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Test model validity
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Improve safety margin
Balanced Positions
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Concentrate leading stocks
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Balanced position method
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Liquidity is good for risk control
Track Closely
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Track market trends
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Track company changes
Long Holding
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Long-term investment smooths volatility