百亿投资经理连续十年跑赢大盘！徐志敏教你识别好公司，克服人性弱点做决策

Core Viewpoint - The global trade and financial landscape is undergoing significant changes in 2025, leading to increased volatility in the A-share market, characterized by rapid sector rotations [1] Group 1: Market Dynamics - A-share and Hong Kong stocks have experienced dramatic fluctuations since April due to the impact of the Trump tariff war [1] - On June 6, A-shares attempted to rise above 3400 points after a period of volatility [1] Group 2: Investment Strategies - Xu Zhimin, Chief Investment Officer at Zhongtai Securities, will share his methods for achieving Alpha excess returns during a masterclass on June 21 [1][6] - Xu has over 20 years of experience and manages over 10 billion yuan, consistently outperforming the market for ten consecutive years [1][3] Group 3: Investment Philosophy - Xu focuses on high-quality companies, exemplified by his contrarian investment in oil and gas stocks during a time when the market favored renewable energy [3] - His investment framework is influenced by renowned investors like Buffett and Taleb, emphasizing the importance of companies with supply constraints as indicators of long-term investment value [3][4] Group 4: Decision-Making Approach - Xu avoids making decisions based on market emotions and does not attempt to time the market perfectly, acknowledging the difficulty of "buying low and selling high" [4][6] - He plans to discuss strategies for overcoming human biases in investment decisions during the masterclass [6] Group 5: Future Outlook - Xu will provide insights on the outlook for A-shares and Hong Kong stocks in the second half of the year, along with potential Alpha opportunities [7]