First, the style of making money is enterprise value. All the money earned is the long-term development of the enterprise, and all the enterprises with investment value have bought it, similar to mature and steady men aged 40 to 50.
The enterprises here have several characteristics. First, the demand of the industry is stable and there is no certain periodicity. Unlike the 5G industry, the company can make money only when the construction cycle comes, but it has been making money. Secondly, the industry competition pattern is stable, and the technology path is very clear, which means that it is difficult for the industry leader and the second child to change, and it is also difficult for new technology development to break the existing pattern in the future. Third, the company's financial report is relatively good, mainly reflected in very stable profits and gross profit, but also can bring very rich returns to shareholders, mainly reflected in high return on equity and return on equity. Fourth, the company has a certain moat. Representative fund managers include Zhang Kun, Xie Zhiyu, Chong Wang and Liu Yanchun.
The second is the growth style, and the layout direction is the future high-growth company, similar to the hot-blooded youth in their twenties. The enterprises here have the following characteristics. First, the industry has a strong growth space, which is in line with the long-term development direction in the future, such as new energy and semiconductors. Secondly, the growth rate of corporate profits is high and the valuation is also high. This kind of enterprises include Weir, Contemporary Ampere Technology Co., Ltd., etc. Representative fund managers are Yang, Yang, Yang and Yang.
The third is the track style, which mainly invests in an industry or field, such as medical and health industry or semiconductor industry. Representative fund managers are Cai Songsong and Zhao Bei.
The third category is intelligent style, which mainly follows the market style, such as consumption style and technology style, and makes continuous position adjustment. The main feature is that the fund has a high turnover rate and will follow the market style for trend trading.