List of high-quality authors
Before I answer this question, I would like to say one thing - the rules of the game.
When I was a kid, my toys only had two glass balls. I played pinball with the neighbor's kids, and I quickly lost it all. This disappointed the kid next door, and when he was done, he gave me back the ball. Ask me to come back the next day.
The next day, I lost the pinball game again. The kid next door told me, "I'll lend you 10 balls before each game in the future." Then we play again. ”
On the third day, I lent me 10 balls from him and lost them again. He decided to lend me 20 balls this time. From then on, I could play at his house without worrying about winning or losing, and I could go to his house to play poker, chess, kites, etc., all of which he provided for me to play for free.
I would say that our life and the world at large is actually just such a game. Continue to make progress in the game, and move from a single win to a multi-win in the game. This is an inevitable law of the development of the world, otherwise the game of this world will not be able to play.
This is why I am very optimistic about the future of the world economy and my country's economy, as well as the trend of A-shares. The changes in the first 30 years of A-shares also confirm my view. More than 20 years ago, the a** market liked the speculation of junk stocks, the market makers, the wind of capital and the rain, and the wind of speculation prevailed.
The current a** field has gradually transformed into performance is king. The stock prices of excellent companies continue to rise, hitting new all-time highs. The stock prices of underperforming companies continue to decline and are on the verge of delisting. This is that the rules of the game have changed, from the previous market to the benefit of the few, and slowly to the market majority benefit. In the future, there will be more and more companies with high dividends, more and more companies with large proportions of repurchase and cancellation, and more and more companies with ten, one hundred and a thousand times.
The ability of the U.S. market has continued to hit new highs in recent years, because the U.S. is now playing more and more "win-win". Many institutional funds are grouped with outstanding large companies in the U.S. market, and these excellent large companies carry out large proportions of dividends and buybacks, resulting in continuous upward stock prices.
Under such a game, the vast majority of institutions and excellent listed companies themselves have achieved the preservation and appreciation of assets, and everyone has a good time. Passive index** makes money because the index continues to rise, institutions that invest in excellent companies also make money, buy ** make money, and excellent listed companies themselves also get continuous appreciation of assets.
The only people who lose money in this game are junk companies and some small companies that are not very strong. Speculation in the market can only lead to a small number of people making money, and the money they make is temporary. The way to make long-term money for most people is the road to the market, and the right way to play the game for a long time.
Therefore, the future of the A** field will inevitably be the world of large companies with excellent performance. Only when these excellent large companies continue to be able to have a long-term bull market trend in A-shares. Note that I am not saying that the next round of A-shares will immediately become the world of **shares, and small-cap stocks will be abandoned immediately.
I mean that in the next 10, 20, 30 years, the phenomenon of excellent large companies being favored by the market will become more and more serious, and the signs of small companies being marginalized by the market will become more and more obvious. This is a long-term, step-by-step process. Because this trend is most in line with the long-term interests of the majority of the market, rather than the short-term interests of the few, it is the best game rule for the future market.
From the perspective of long-term interests, the future of excellent performance, high dividends, high dividends, and high repurchases will inevitably be hot spots in the market. From the perspective of being in the interests of most market participants, industry leading companies and large-stock companies are more likely to become market hotspots.
Therefore, in the long run, the future A** field will inevitably be the world of industry leading companies with high dividends and high repurchases. They stabilize the stock price through a large number of dividends, attract a large number of institutional investors and **huddle**, they continue to buy back, thicken the company's performance, resulting in the company's performance upward, the stock price is rising. The company's management has gained more from the increase in the share price due to the stake holding. This kind of gameplay has paid off for a large number of players in the market and is bound to last.
The long-term trend of the SSE 50, CSI 300, CSI 100 and other **stock indexes** is worth looking forward to. In particular, the leading companies in the robot, new energy, artificial intelligence, semiconductor, consumer, medical and other industries in line with the national industrial policy are more worthy of the attention of our investors.
I would like to reiterate here once again that the future A** market is not that investing in small-cap stocks is not profitable, but that it is difficult to make money by investing in small-cap stocks. It is relatively easy to make money investing in good large companies. From the perspective of the success rate of making money, the leading companies in the industry will inevitably be the best choice for A-share investment in the future.
In short, large companies that are in line with the development prospects of the times, high dividends, high repurchases, and good performance will be the easiest direction for the A** field to make money in the future.