In the hot land of Dongfang Hong, Han Dong has enriched his investment system through continuous research and practice, standing on the shoulders of his predecessors, Han Dong has gradually established three investment rules, one is to use probability thinking to select stocks, preferably stocks with low cost of making mistakes, and can still create new high stocks for a long time; the second is to make good use of light and heavy combinations to attack, the winning rate of heavy stocks is preferred, and the odds of light stocks are preferred; the third is to select people as the core, and entrepreneurial spirit is the driving force and source of value investment.
It is these bits and pieces of absorption and progress, shaping his Ning Que no abuse, keep the right style, continuous learning, evolution, growth, transformation, performance is the best return for him, 2017 is Han Dong into the second year of the fund manager career, but also the capital market is not very calm year: all kinds of new regulations appear frequently, regulatory upgrades, A-share IPOs sit on the "roller coaster", fixed increase is "waist cut", mergers and acquisitions and restructuring under the high-pressure supervision of the "strict in and wide out" trend, the new three board "backwater" phenomenon is also more and more serious.
Also in this year, Han Dong ushered in the highlight moment of value investment, as a sticker of the value faction, his Oriental Red Ruiyuan achieved a return of 57.53% in 2017, and the benchmark yield of performance in the same period was only 2.60%.
In the face of personal success, Han Dong is not proud of this, they all say that the high place is not cold, but some like walking on thin ice, sincere fear, he clearly knows that some of the elements of luck, but more from the early long-term layout, insist on investing in the highest quality companies in the market, such as a security leader, a manufacturing consumer electronics industry leader, although the rise of individual stocks is expected, but the entire portfolio performance explosion and his control portfolio drawdown brings great challenges.
Is it to take profit in a high-yield position or to continue to hold firmly? How can I make my holder have a comfortable holding experience?
How to deal with a sudden market correction? Han Dong also made a lot of thoughts about this.
Entrepreneurship has always been the core principle of Han Dong's stock selection, and he believes that the essence of an enterprise is not the accumulation of assets, but the organic organization of people. Entrepreneurs run businesses, on the one hand, to create value, on the other hand to resist risks. His investment in many companies, long-term is because of the ability to rely on entrepreneurs and entrepreneurial spirit, the future is difficult to predict, and the understanding of the industry can not exhaust all the details, then the various risks in the investment must rely on the industry forward-looking, entrepreneur with the ability to deal with it.
Taking into account the process of research and tracking in the past four or five years, as well as the hard work and strategy shown by the leaders of heavy stock companies, it was finally decided to firmly hold this batch of the best companies, but in the case of the value of individual stocks greatly exceeding the value, the position reduction was replaced at a high level, not blindly sold for the sake of selling, and would continue to hold familiar companies in the absence of more recognized targets.