云在青天水在瓶：缅怀鹏华基金前名将王宗合

Core Viewpoint - The passing of Wang Zonghe, a prominent fund manager, highlights the importance of valuing one's career and health in the investment industry, emphasizing that success is not merely about numbers but also about professional integrity and personal well-being [2][12][21]. Group 1: Investment Philosophy - Wang Zonghe was a steadfast advocate of "value growth" in investment, focusing on long-term sustainable growth to uncover value [4][5]. - His investment methodology involved identifying top companies in key industries, particularly favoring sectors like liquor, which he regarded as leading industries [4][5]. - He adhered to strict selection criteria based on the principles of renowned investors like Buffett and Munger, prioritizing companies with high barriers to entry and sustainable ROE [4][5]. Group 2: Career Highlights - Wang Zonghe's career peaked in 2020 when his fund, Penghua Craftsmanship Selected Mixed Fund, achieved a record subscription amount of 137.1 billion yuan in a single day [6]. - His management of funds yielded impressive returns, with the Penghua Consumption Preferred Fund achieving a return rate of 244.7% over 12 years, and the Penghua Pension Industry Fund returning 211.4% [8]. - He was recognized as a "national fund manager" due to his significant contributions and the growth of assets under management, which exceeded 550 billion yuan [6][8]. Group 3: Challenges and Transitions - The changing market environment posed challenges, leading Wang to adjust his investment focus towards sectors like pharmaceuticals and new energy amid market fluctuations [10]. - By early 2023, he began stepping down from multiple fund management roles, reflecting the cyclical nature of the industry and personal health considerations [10][11]. - His experience underscores the pressures faced by fund managers, often bearing the brunt of market volatility while receiving limited recognition for their efforts [12][14]. Group 4: Health and Industry Reflection - Wang Zonghe's death has sparked discussions about the health challenges faced by fund managers, who often operate under immense pressure [12][16]. - His story serves as a reminder of the need for the financial industry to prioritize the mental and physical well-being of its professionals, advocating for better support systems [21][22]. - The investment community is encouraged to adopt a more sustainable approach, balancing career achievements with personal health and well-being [18][21].