Recently, many netizens are asking, what happened to Feng Liu?

and growled angrily:

If it goes up, it can't beat the index, and when it goes down, it falls even more than the index. Is this the performance of reverse investment?

I only know that the growth stocks go up, but the neighboring mountains don't; The shares of baotuan track rose, but the neighboring mountains did not rise; Consumer medical stocks rose, but neighboring mountains did not rise; Low-valued stocks did not fall, and neighboring mountains fell sharply; The index rose slightly, and the neighboring mountains fell slightly; The index did not fall or fell slightly, and the neighboring mountains fell sharply; As one of the most "legendary" individual investors in China A-share market, Feng Liu spent 12 years, from small scattered to medium scattered to cattle scattered, from fund managers to tens of billions of fund managers, and his weak theory attracted a lot of loyal fans.

His weak thinking is embodied in stock selection, timing and risk control.

For example, in stock selection, he favors stocks with "reverse predicament" and high odds. In terms of timing, he likes to use reverse thinking and buy on the left. In terms of risk control, he will "disperse first and then concentrate" when buying, and he will not control his position.

However, he never chooses the right time, keeps Man Cang, and relies on stock selection to beat the market, and he will eventually be ruthlessly crushed by the market.

Since the beginning of 222, the first phase of Gaoyi Linshan Preferred Private Equity Fund managed by it has been withdrawn by 22.3%.

Looking ahead, when the brokerage banks skyrocketed in July, 22, Feng Liu, who claimed to be a weak thinking reverse investment, had a negative net worth and failed to see the brokerage bank shares in his position. You should know that both brokers and banks were at a low level at that time.

Later, when the white horse ran wildly, Feng Liu couldn't outrun the white horse because he didn't.

By 221, small-cap stocks will rise, cyclical stocks will rise, and Feng Liu's performance will not be reflected.

These varieties with limited decline and more room for growth should be considered as the targets of the weak thinking reverse investment, so what did Feng Liu do?

Back recently, the "Gaoyi Linshan No.1 Yuanwang Fund" managed by Feng Liu increased the position of Hikvision, reduced its holdings of Hisense household appliances, kept the number of shares held by Huamao Logistics and Rongzhi Rixin unchanged, and withdrew from the list of the top ten tradable shareholders of Kangyuan Pharmaceutical.

It is worth noting that the above four stocks held by Feng Liu all suffered heavy losses in the first quarter.

Among them, Rongzhi Rixin's stock fell by 43.65%, Hisense's household appliances by 26.6%, Hikvision by 21.64% and Huamao Logistics by 14.47% in the first quarter.

in a word, it's terrible.

Obviously, when the weak people think of playing against the negative feedback market, it is like sailing against the current. Once the market retreats too much, Man Cang's operation will be a super double crit, and there is no escape.

Especially at the moment, Public Offering of Fund is still struggling to survive, and the fund issuance is cold. No matter whether it is public offering or private offering, there is no new source of funds.

How many bullets does Feng Liu of Man Cang have left to turn the corner and fight back by the Jedi?

On the occasion of the disclosure of a quarterly report, many fund managers wrote letters of apology, confessions and self-criticism in the quarterly report, but you can hardly find a way to get to know Feng Liu.

Feng Liu doesn't like to write quarterly reports, communicate with investors and make public appearances. I can't hear what you scold, and I won't tell you what I have in my hand.

Obviously, this means losing your money while ignoring you and not giving you a statement. It is difficult for investors to see whether he knows and does, and whether his style has drifted.

the capital market is never short of gods, and several appear every few years. But most of them were overthrown by the creator himself.

There are three levels of investment:

1. The market is always right

2. The market is wrong

3. The market is not right or wrong, but the investors themselves are right or wrong

So, what floor is Feng Liu on?

this article is from gelonghui.