Today, another news came out of the capital market, the well-known fund manager Gao Shan was missing for a month, and a body was recovered in the Huangpu River today, and the family has been notified.
For a while, the market was stunned, and people familiar with Takasugi knew that he was a very good fund manager, who had operated in this market for many years and was a leader in turning from public to private. However, even such excellent fund managers have been redeemed with losses this year, and the scale of products under management has shrunk from 6 billion to 200 million. It can only be said that the times are not good, in this special period, Buffett will be knifed when he comes. The so-called "time and earth are all working together, and the heroes are not free"
Since last October, it has been a shivering winter for the equity investment community. The explosive red fund has retreated sharply, and the track stocks represented by Ningde XX and WuXi XX have collectively declined.
The funds of well-known fund managers such as Gülen and Cai Songsong have withdrawn more than 40% from the high level, and what is more exaggerated is that Gülen's fund has been significantly increased against the trend in the case of a high retracement of more than 30%, and the size of the fund has exceeded 100 billion yuan. Yesterday, a number of popular targets in the pharmaceutical CRO sector fell sharply again in the case of hot market, I believe that the base of the bottom Gülen Ceusc Fund was dumbfounded, originally thought it was the bottom, and as a result, there are three basements at the bottom, when is medicine the real bottom? No one knows.
Before there was a star public fund manager Cai Xiangyang jumped off the building, and then there was a well-known big man Gao Shan encountered an accident, in the final analysis, the capital market is cruel, is not because you accumulated fame and wealth in the first half of your life and go according to your will. The capital market has its own laws, if you can't bear the risk of a large drawdown, give a suggestion, I still advise you to stay away from the market, or do some small risk varieties.
From my years of experience in serving customers, retail investors in this market suffer from serious information asymmetry and capital dimensionality reduction.
To put it bluntly, the advantages of technology, funds, and first-hand information are completely unopposed by retail investors and are in a situation of being hanged. Ordinary retail investors' access to information is still in the process of listening to all kinds of big V remarks, technical graphic research, this situation will have a serious information lag, and the main force of the market or decisive institutional forces are often prophetic, this time difference often makes retail investors killed unexpectedly.
For example, Zhang Lei, who was once firmly optimistic about the education sector, and Zhang Lei, who said that he wanted to be a friend of time, ran away accurately before the huge negative policy of China's education and training industry. Therefore, it is more useful to obtain first-hand information than any analysis, and retail investors can only be knifed.
The reason why the market at the current stage is so extreme is nothing more than that the profit plate of various institutions in the early stage is too full, and suddenly encounters the news that the Fed wants to increase interest rates, and panics and flees collectively. The systemic decline in the market will lead to the collective liquidation of private equity products with stop-loss lines and the redemption of products by the majority of basic people, and the risk of further stampede similar to bank runs will occur.
To put it bluntly, the point is too high, the current economy is encountering a little trouble, and everyone panics and has no confidence to flee en masse, causing a stampede.
But in any case, this decline does give the opportunity, I believe that the big infrastructure will lead the disk Jedi counterattack, when everyone is bearish, just the opportunity comes. Remember the TVB classic "Big Time"? At a time when the world thinks that the stock market has fallen sharply, Hong Kong stocks have ushered in a jedi counterattack and ushered in a big miracle day, and I believe that A shares are also OK!