In 2019, Yao Shangkun founded Guoxiong Capital*** hereinafter referred to as "Guoxiong Capital"). The company has always focused on areas such as artificial intelligence, blockchain, and the medical and health services industry, and is committed to making valuable investments on a global scale.
In the in-depth exchange with Yao Shangkun, I deeply felt his optimism and tenacity. He is a Hunan native with a different kind of personality, not only with an innate sense of humor, but also with the characteristics of diligence, love, courage to challenge and self-breakthrough. These qualities are like oars and sails, propelling him to brave the waves in the ocean of value investing, fearless of the wind and waves.
After 10 years of ups and downs in the market, Yao Shangkun has a deeper understanding of the way of investment. He solemnly pointed out: "Establishing the right values and adhering to the investment philosophy is the intrinsic essence of investment, and it is the key to our stability in the face of market fluctuations. We cannot deviate from our principles and engage in speculative behaviour because of short-term performance pressures. The true way to profitability lies in relying on the value creation of high-quality enterprises, insisting on contrarian investment, pursuing high-quality growth, and always maintaining the unity of knowledge and action. ”
Break through self and continue to learn and improve.
A native of Hunan, Yao Shangkun impresses with his unique sense of humor and optimism. He confessed his love for investment and humorously said: "Investment seems to be the only profession in the world that cannot rest on the 'merit book'. No matter how glorious the past was, once you stop learning and progressing, you will soon be swallowed up by the tide of the market. ”
Looking back, Yao Shangkun said with a smile and a calm attitude: "The cost and process of transformation is very painful, not only to face the disapproval of others, but also to start from scratch. Mindsets, short-term declines in income can all have a significant impact. However, there is no road in vain in life, the key is faith in yourself. Behind this confidence is the prediction and affirmation of one's own ability. ”
In long-term value investing, perseverance, determination to overcome difficulties, and:'Keep the clouds open and see the moon'Belief is an indispensable and important quality. It is these qualities that enable me to maintain a calm and optimistic attitude in the face of market fluctuations and ups and downs in performance. This is my belief and the principle I stand by. "Yao Shangkun said.
Rely on high-quality enterprises to create value and profit.
Over the past decade, Yao Shangkun has been deeply involved in the ups and downs of the A** field. He is keenly aware that there is always greed and fear behind the market, and even in extreme cases, frenzied leverage and extreme pessimism can be intertwined. He has witnessed countless irrational speculations and constantly asked himself, "What is true value investing?"What kind of return on investment should we pursue?”
In Yao Shangkun's philosophy, the core of value investing is to deeply understand the essential attributes of enterprises, based on an in-depth understanding of fundamentals, to find those high-quality companies whose long-term value is undervalued, and to hold them for a long time. He strongly believes that in this way, investors can get a return on investment from the continuous value creation of the business.
"Value investing, in short, is the reliance on the value creation of high-quality companies to reap the benefits," he made clear. "Even if investors buy a high amount of money at a certain point in time, as long as the company continues to create value, it is still possible to obtain considerable returns for long-term holdings.
To achieve this, Yao stressed the importance of choosing the best companies in the market that can maintain high profitability over the long term. He advocates investing with the mindset of business owners, choosing companies with excellent business models, excellent management, and high barriers to competition for long-term investment.
He is a big proponent of a contrarian way of thinking. He believes that while conforming to the general trend of the industry, investors should be good at bucking the trend of excellent companies at the moment of market panic and mud and sandAnd at the moment of market frenzy and chicken dogs, you should remain calm and rational.
Yao Shangkun emphasized that Guoxiong Capital will further strengthen its close cooperation with entrepreneurs and management teams to achieve sustainable and long-term performance growth.