What is the investment philosophy of Shennong Investment?
I listened to several live broadcasts of Shennong's investment in Chen Yu in the live broadcast room of Sirius College. Probably Shennong Investment created the best investment, focusing on the super-prosperous track, focusing on the business model with platform advantages, and choosing an excellent team of entrepreneurs. Choose a "super busy" track. Chen Yu's general view is that every era has a strong growth trend, and some industries have experienced super prosperity and created huge wealth. For example, real estate in the past 30 years, Internet and medicine, technology and consumption in the next 30 years. Follow the "king" team of entrepreneurs. Great entrepreneurs are the best alphas, such as Vanke's, Huawei's and Hengrui Pharma's. Focus on business models with "platform advantages". Focus on leading enterprises with platform advantages, pricing power and capacity extension. Pursue "long-term absolute income". In the next 30 years, China is expected to achieve great rejuvenation. Over time, most excellent companies can achieve considerable growth. Fund managers have the responsibility to pursue stricter absolute return targets. Help investors build confidence, invest and hold for a long time, be friends with time and enjoy the prosperity of the times. Their investment philosophy is probably so much, so understand it yourself.