Feng Liu was born in 1976. After graduating from college, I joined Wahaha Group to sell drinks, but I didn't make money selling drinks. Although he is in sales, he is too lazy to go to the market. So four years later, he simply resigned, from a salesman selling drinks to a professional stock trader. This is very similar to Xu Xiang's early experience. One is driving a taxi, and the other is selling drinks. Both of them started from the bottom, but in the end they both became billionaires. Explain that the stock market will not read resumes, and even diaosi can grow into a rich man.
Later, Feng Liu may feel that the stock market is too lonely, so in 2003, he registered an ID on an online platform with a random name. In this way, he changed from a salesman to an otaku. He does nothing but stock trading every day, and then writes about his investment experience online. Feng Liu not only writes well, but also invests well. During the nine years from 2003 to 20 12, it achieved a compound annual rate of return of 93%. What is transformation?
It is 370 times the principal, and it is really famous all over the world.
In this way, Liu Feng met Bole in his life after more than ten years from a grassroots scattered in the stock trading forum. At that time, Qiu Guolu, then the head of Gaoyi Assets, recruited him. In this way, on 20 15, Feng Liu was in high spirits and turned to private placement, completing a gorgeous turn from retail investors to institutions.
Many people know that he is a value investor, but what they don't know is that his understanding of short-term and mid-line is also very profound.
In his eyes, short-term means respecting the market and improvising. You can set more than profit, but you must set a stop loss. You can enter the venue with 30% certainty. But with strict discipline, short-term should not be defined as a few days. As long as you can see the trend, a few months is also called short-term. Dare to win, afraid of failure, in Feng Liu's view is the essence of short-term.
For the midline, Feng Liu believes that the fundamentals must be fully grasped and the price valuation system should be well understood. Choose companies with stable operation and no ups and downs, buy when the market is undervalued and sell when the market is overvalued. It is expected to enter the market when there is more than 20% profit margin, and stop loss when it falls by 8%. He encouraged the center line players to be price discoverers and do things that ordinary people dare not do.
In the long run, Feng Liu thinks this is the most difficult. Long-distance runners need to have a deep understanding of the enterprise and clearly grasp the development trend of the enterprise in the next few years in order to grow together with the enterprise. How on earth did he do it?
First, the bid is one in a million. It is expected that there will be more than ten times the profit before the start of construction.
Second, don't set any stop-loss conditions unless the fundamentals get worse. Because he thinks he has to earn ten times and lose 50% is worth it.
Third, don't be fooled by short-term fluctuations, or even go against the market to some extent. This is the height, the big boss is thinking about confronting the market, not respecting the market like a short-term one. It shows that he is courageous and greedy when others panic.
Fourth, ordinary people can't do it. What is this? Just grab the bull stock, don't get off easily, otherwise there will never be a chance to turn over in the stock market. Don't do short-term on long-term tickets, and do long-term on short-term tickets.
On the investment concept, Feng Liu also put forward a concept called weak thinking. Many people may be surprised! Don't the strong all make money? How can ordinary people make money with weak thinking?
His explanation is, suppose we ordinary people have no advantages in information channels, time, energy, understanding ability, emotional control and personal resources. So how do you make money?
The answer is that if you make money with common sense and odds, dare to admit your weakness and let go of your conceit, you can gradually become rich and win this marathon.
Now, Feng Liu has positioned itself as a growth trend school with weak thinking. He divided stock selection into three styles.
The first one is: buy a company that everyone knows is good;
The second is: buy a good company that others don't know but you know. This is the so-called expected difference.
The third mode is to buy a company that no one thinks is good at present. He called the third model the opportunity model, and chose the poor companies in the booming industries. You can't lose much money if you buy it wrong. But if you buy it right, you will definitely make a lot of money.
In terms of risk control, Feng Liu does not choose timing, hedge, leverage or short, and always maintains a high position, taking long positions unilaterally. When the winning percentage is not high, the warehouse will be opened, and when the winning percentage is high, the warehouse will be opened.
Of course, the boss also has weaknesses. Feng Liu himself said that he often sells flying cattle stocks, and sometimes he is very cheap and likes to change positions frequently. And lazy, don't like to investigate and so on.