After Biden's 100-day speech, US stocks began to rebound, and the US S&P futures index once again hit a record high.
However, there is a discordant news from such a "bull-fried sky" US stock market. 59-year-old legendary value investment fund manager Charles? De? Charles de Vaulx recently committed suicide by jumping off the 10 floor of No.717 on Fifth Street, leaving behind his wife and two children.
When the bad news came out, the whole Wall Street was in an uproar, and the people who ate melons were also puzzled. U.s. stocks frequently hit new highs, and everyone takes it for granted that American funds are bound to have rich returns. Who knows if this seemingly big bull market will have hidden dangers?
Charles. De? Walker is the chief investment officer, portfolio manager and partner of International Value Consulting Co., Ltd. During his career, he firmly practiced the concept of value investment, never deviated, and tended to dig undervalued stocks. Even if he holds up to 40% of the portfolio cash, his investment strategy can make him stand out in the industry. Walker is a bottom-up value investor who likes to do in-depth research on the company.
Walker is undoubtedly a veteran who has long adhered to the value investment strategy and has very rich investment experience.
Along the way, Vauxs' investment experience is quite legendary. In 2008, Vaux and three other partners founded IVA. The value investment method was very popular during the financial crisis, and IVA quickly became the fastest growing fund in the United States. At its peak, IVA managed more than $20 billion in assets, but by the end of last year, the scale of funds managed by IVA had shrunk to $863 million, and the two co-founders had left.
After more than 30 years of ups and downs, the asset management industry finally failed to conduct a fund liquidation, which has to make people lament the cruelty of the market.
Before committing suicide, the fund managed by Vauxs had been liquidated. The reason for the liquidation is that its value investment strategy has been greatly challenged by the epidemic, and its value investment strategy (digging out undervalued stocks) has been hit by the epidemic, and investors have withdrawn a lot. Due to customer redemption, its assets under management fell from $20 billion to below $654.38+0 billion.
People close to Vauxhall say that although Vauxhall is worth hundreds of millions of dollars, some investors no longer trust him, which is a blow to him. Maybe he will stick to it for a while and get through it. Maybe investors survived without withdrawing so much.
However, a person familiar with the matter revealed: "This is largely Shakespeare's tragedy ... Ironically, many of his stocks have greatly appreciated in the past few months.
Just as someone jumped off a building because of liquidation, US stocks hit a record high "cruelly". On the occasion of Biden's 100-day speech, the S&P futures index set a new record.
Looking at the bullish U.S. stocks, and then at the Shanghai Composite Index, which seems to be lying at 3000 points forever, I suddenly feel that it makes sense for my big A shares not to rise. If there is no rise, there will be no plunge, and if there is no plunge, there will be no tragedy.
From Wang Jie's speculative suicide by jumping off a building on 1940 to Xiaoyao Liu Qiang's suicide by jumping off a building on 2 105, although times are changing, the pressure in the field of financial transactions has never been reduced because of social and economic progress. Similar news appears in newspapers from time to time, which makes people feel that the market is changing and life is impermanent.
This reminds me of a god, Buffett, who is also a value investment. At the same time, I remember an aunt who changed from 50 thousand to 5 million not long ago. As a stock, the importance of choosing the right stock is almost above everything else.
There are too many incredible things in the financial market that most people think are impossible, but they really happen, leading to the rapid redistribution of market wealth. For example, when the COVID-19 epidemic broke out last year, US stocks melted several times in a short period of time, and crude oil fell to negative … ..
Remind friends who are still participating in the game that financial transactions are not the whole of life, and you should adjust your mentality. Since you can afford it, you have to put it down!
Anything can happen in the financial market, so you should know how to prepare for extreme events.