Why do you repeatedly emphasize not to touch the consumption and medicine circle?

What direction should we choose in the future? Historically, all three have produced countless bull stocks, and they are also the cradle of long-term bull stocks. As for which track investors should follow, on the one hand, it depends on everyone's ability circle; On the other hand, judging from the historical performance of international investors, Buffett, the representative of consumer stocks, has invested in Coca-Cola, wedding candy, Procter & Gamble and so on for a long time. His performance has remained relatively stable in the past 5 or 6 years, with little fluctuation, and the maximum fluctuation is only 6%, which is very low in the investment career of an investment master.

Let's take a look at Sun Zhengyi, the representative figure of investment in technology stocks. Sun Zhengyi devoted his life to investing in technology stocks. We know that his most successful investment was Alibaba. Sun Zhengyi once lost 99% of his value after the dotcom bubble burst in 2. Yes, it was 99%, and it was 1% short of zero. Later, he turned over by investing in Alibaba. In recent years, Sun Zhengyi launched the Vision Fund to focus on investment and cutting-edge high-tech artificial intelligence.

If you focus on investing in technology stocks, you should be prepared for the possibility that the value will fluctuate greatly in the long run. Far from it, there are many people around me who have focused on investing in science and technology innovation board in the past few years. Fifteen years later, the stock market crash in science and technology innovation board has caused their value to drop by more than 9%. Generally speaking, although people who focus on investing in consumer stocks fluctuate, they are still relatively small. The key is that the probability of well-known consumer stocks falling and rising again is very high. Not to mention 1% but also more than 7% probability, if you make portfolio investment, it will be difficult to lose money in the long run, and the technology stocks will rise after falling, but the technology stocks that will rise again next time are not necessarily the stocks in the last round, and the probability of being able to be similar to Microsoft's technology companies that have survived two technology bubbles is very low.

Therefore, we want to grasp the direction of both industries, and the suggestions given are to give priority to industrial investment with weak periodicity and large domestic demand, supplemented by scientific and technological investment. The combination of large domestic demand ensures the long-term stability and growth certainty of assets, while the allocation of scientific and technological stocks increases the flexibility of investment portfolio. Every bear market represents a new beginning. We should strengthen our confidence and hold on to these high-quality assets. The life cycle of these assets even exceeds our life, so this is the most valuable asset in China.

In recent years, when the economy is too bad, we have to buy big-name and brand-name medicines and consumption, but of course we have to underestimate them. The risks in the outside world are huge. If we are not careful, we may not lose half of them, but even clear them.