Although A shares fluctuated downward in the third quarter, Yifangda Zhang Kun once again increased the stock positions. Just after midnight on October 26, Zhang Kun disclosed the third quarter report for 2022 of all funds under his management, with 4 funds continuing to operate at high positions and all increasing their stock positions.
As the 'Top Public Fund Manager', Zhang Kun's management pressure is self-evident. He also stated directly in the third quarter report: "If investors invest in stocks with a mindset of buying a house, including detailed fundamental analysis (a large amount of research on real estate projects), heavy buying (committing a large amount of funds), and long-term holding (not trading due to short-term fluctuations in house prices), the results may be much better."
Zhang Kun stated that in a rational world, the trading volume of stocks will not be very high, but in the actual world, stock investors often react to transient and insignificant daily information. In reality, the market is here to serve investors, not to guide them.At present, the market offers attractive quotes for long-term investors.。
Regarding the market in the third quarter, Zhang Kun stated that the third quarter was filled with various concerns: recurring epidemics in various regions, decline in real estate sales, devaluation of the Renminbi exchange rate, and so on. It seems that every factor will have a negative impact on the company's recent operational performance. However, when it comes to the medium to long term (such as three to five years later), investors seem to be less concerned. "In fact,From a cash flow discounting perspective, the majority of a company's value usually comes from the perpetual part in the future.。”
In the long run, Zhang Kun...