This is a bit interesting - the report card of 20 private equity companies this year has come out, 13 have a return of more than 30%, 7 have exceeded 40%, and 3 have directly soared to more than 50%. But turning to the last page, the red letter of -4.25% of Linyuan Investment was particularly conspicuous and became the only negative return player.

You must know that Lin Yuan, an old river and lake, relied on heavy warehouses to eat big meat back then, and he can talk about this matter for a lifetime. But this year, his position logic is still the same: liquor + traditional Chinese medicine. The problem is that these two sectors have performed well this year, and they are not on the same channel as the market at all. Others are chasing the hot spots of technology and new energy, and he is still guarding the old formula, but the result is watching the bull market slip away from him.

In the final analysis, the market is not sentimental. If you have made a lot of money in the past, it does not mean that the methodology can eat for a lifetime, and the investment has to follow the market, and you have to turn around when you should turn around. Lin Yuan's stumbling this time just confirms the old saying: there are no eternal winners in the stock market, only rules that are always changing.