An innovative framework for value investing.
Chapter 6: Walking with the Great Pattern Viewer.
Choosing who you want to go with is more important than where you want to go.
It is a very exciting moment for me to communicate with entrepreneurs from different industries and backgrounds, who have an almost instinctive and natural perception and desire for technological innovation and industrial evolution. Entrepreneurship means that you are always on the road, and sometimes, entrepreneurs are very lonely, so in the process of value investment, it is very important to choose good entrepreneurs and walk with great pattern viewers. I think that where the rise and fall, in the pattern. If the pattern is large, it will be far away; If the pattern is small, it will be close to it. Entrepreneurs and entrepreneurs who want to do great things and have a great pattern view are the best partners, and the "pattern view" is the joint code between us and the enterprise.
In many cases, successful entrepreneurs are called entrepreneurs, and in the same way, good entrepreneurs are often referred to as entrepreneurs, because if entrepreneurs always maintain an entrepreneurial mentality, companies can constantly disrupt and innovate themselves.
We can't put into words a group portrait of these great entrepreneurs and entrepreneurs, each with their own unique ability endowment and strategic vision, but in the exchange, I found that they have some common traits that have been mentioned many times by the public and often overlooked:
They have a stronger and more confident inner world than most, and they aim high;
They are able to dramatically increase the output of resources, create new products and services, open up new markets and new customer segments, and see change as the norm;
They want to change the world while changing themselves.
These characteristics also influence investors at all times, helping them to better think about the essence of business and the laws of the industry.
First, it has the concept of long-termism and can seek the long-term in the midst of uncertainty;
second, to have a deep insight into the industry and to look for key trends in continuous innovation;
Third, have the ability to focus on execution and use ingenuity to do things to the extreme;
Fourth, have a strong sense of empathy, be able to coordinate more resources, and make ideas a reality.
What I think about is that we should combine the regularity of the business process with the conscious activity of great entrepreneurs.
Because entrepreneurs are on the front line of business practice, they are often the first to perceive the current situation, adapt to the current situation, and influence and determine the current situation at certain moments.
The current situation they perceive and adapt to is often a long-term, irreversible general trend, but the current situation that influences and determines is the major event in the subtle change and the way to achieve it.
This also explains why the Great Pattern View came about, or who can be called a Great Pattern Viewer.
Have a long-term philosophy.
My first definition of the Great Picture View is "having a long-term philosophy", which stems from the investment criteria I adhere to – being a friend of time.
Most entrepreneurs do not have operating capital, industry data, management experience or elite employees when starting a business, and it is impossible for any business to succeed overnight, but if you insist on not looking at short-term profits, or even short-term income, do not regard making money as the only important thing, and put values in front of profits, and firmly believe that values are the real core of this enterprise, then profits will only be the natural result of doing the right thing.
This is a non-game entrepreneurial spirit, and the more such entrepreneurs, the more they can focus on doing things that create value in the long run. There are three levels of understanding of the idea of long-termism.
If you want to learn more about Zhang Lei's investment methods, it is highly recommended that you read the book "Value". Because in addition to Zhang Lei's value investing methods and philosophy, this book also explains the importance of who to walk with. Through the combination of investment cases and hand-drawn mind maps, readers can easily understand value investing as easily as reading a story.
This is Zhang Lei's only book so far. Zhang Lei shared his 15 years of investment experience and investment methods, analysis and judgment of dozens of top companies, and the experience of Shanlin Capital investing in more than 800 companies.
Each paragraph of Value contains his thoughts and understanding of value investing. Zhang Lei said that in a complex world, only by investing time and faith in things that can produce long-term value can we maintain inner peace.
In addition, "Value" contains a wealth of valuable materials, including the first 7 advanced formulas, more than 10 investment cases, 11 beautiful hand-drawn color illustrations, and 19 precious **. Many entrepreneurs even bought the book back as a collector's item.
The number of recommendations for this book is even more staggering, with more than 50 business leaders recommending this book.
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