From 8,000 yuan to a management scale of more than 10 billion yuan, Lin Yuan's investment story is often talked about. Standing at the current point in time, Lin Yuan's relatively rare intensive voice has aroused market attention.
This may be the last big chance of my life. Recently, Lin Yuan said in an exclusive interview with a ** that in his past years, he seized three major opportunities is the key to achieving asset leapfrogging, and now it may be the fourth big opportunity in his life, the market valuation is very cheap, it is a good time to enter the market, and will focus on investment opportunities in chronic diseases such as diabetes, heart disease, and hypertension.
Focus on investing in ageing
Q: How do you look at the current market, will there still be the same opportunities as in the past?
Lin Yuan: I think this is a big opportunity. When I was in my 20s, I often squatted in front of the company to chat, and I was still chatting when it was dark, analyzing how to go the next day, and I was particularly interested. I'm 60 years old now, and maybe this is the last chance I can take in my life.
Q: Why is this such a big opportunity?
Lin Yuan: Because I think it's very similar to the previous big opportunities that I took at the moment, which is that the valuation is very cheap. Compared with the average PE (price-to-earnings ratio) of China** in the past few decades, most of them are now discounted, and many industries have valuation advantages.
At present, the state has also put forward policies such as accelerating the construction of a financial power. Once the ** comes, it shouldn't be small**. Of course, the first thing to do now is to stabilize, and this period will be very difficult, and the first three big opportunities I encountered were the same starting point. Our strategy is to buy when I have money, and I feel at ease when I buy there.
Q: Which industries do you think are worth focusing on at present?
Lin Yuan: This time, I chose the three major chronic disease areas of diabetes, heart disease, and hypertension. These three major diseases are currently very difficult, and these diseases are actually problems with the body's circulation. We focus on investing in the track of aging, the aging population is increasing, the spending power is strong, and we are willing to spend money on health, and the market will be large in the future. Assuming that in 30 years' time life expectancy is longer than it is today, this view must be true.
Pay attention to the earning ability of enterprises
Q: What indicators do you pay more attention to in specific investment stock selection?
Lin Yuan: Valuing the company's ability to make money, and having less debt. For example, in the TCM industry we track that involves chronic diseases, 70% of the companies we invest in have increased their profits by more than 50% compared to 2019.
Another example is the liquor industry, many people say that it is a sunset industry. But from our visits, we can see that many companies are very strong, and the company has very little debt.
Q:After choosing a company, how to grasp the timing of buying and selling?
Lin YuanAfter :**, they will hold it and will not sell it. ** And the overall trend is that the rise must fall, the fall will rise for a long time, do not have to win the income of each band, to remain patient, long-term holding, in order to effectively make the assets to a big step.
Q: If a company that meets the criteria keeps falling, will it continue to hold it?How to control drawdown?
Lin Yuan: Our system itself separates holding from **, and when buying, we should think about a good combination, and the worst result will be in **. Valuation is the most important thing, and you can't go wrong with being cheap. We have to think about whether to operate with financial thinking, whether there is discipline, such as how much a *** can not exceed and so on. In addition, our long-term investment should be selected in the future consumption scale of the industry.
Q: The performance of some of the company's products is quite different, what is the reason for this?
Lin Yuan: Our strategies are different for each of our products. The product with higher performance is because a company with a fixed increase has risen more recently. The products with lower performance were spun off at a high level at that time, and because they were established at a high level, the drawdown is slightly larger now.
Q: What is the situation of co-investment since the company issued the co-investment announcement on October 16?
Lin Yuan: In proportion, almost 20 million yuan. In fact, we have been co-investing, and the company alone has about 500 million yuan. The part of the co-investment, as long as ** is there, I will never redeem it, and I will not let it be liquidated, this is my idea.
The content is excerpted from "China ** Daily".
From December 17th to 19th, the Helmsman Reading Club launched the "Gann Jinyuan Qiming Star Basic Study Tour Camp" in ShenzhenTeacher Jin Yuan led the majority of reading members to conduct in-depth exchanges on Gann technology.
On December 20, 2023, the Jinyuan Gann Senior Member Preparatory Course Training will be held in Shenzhen.
On January 20, 2024, the Helmsman Reading Club Jinyuan Gann Open Class will be held in Shanghai, with a junior study tour camp from January 21 to 23 and an advanced study tour camp from January 24 to 28.