Goldman Sachs(US:GS) 高盛GoldmanSachs·2025-06-25 09:48Core Viewpoint - The article emphasizes the significant impact of geopolitical risks, particularly the U.S.-China trade tensions, on investment strategies and market analysis, reshaping the traditional focus on business cycles and macro policies [5]. Group 1: Career Background - The chief China equity strategist at Goldman Sachs, Kinger Lau, has been with the firm since 2004, focusing on onshore and offshore Chinese stocks, as well as markets in Hong Kong and Taiwan [2]. - Lau's educational background includes a master's degree in finance from the London School of Economics and a bachelor's degree in commerce from the University of British Columbia, along with certifications as a Chartered Financial Analyst (CFA) and a U.S. Certified Public Accountant [2]. Group 2: Market Events - Significant market events that have shaped Lau's perspective include the 2008 financial crisis, the 2015 A-share trading halt, and the COVID-19 pandemic, with the 2018 U.S.-China trade tensions being particularly transformative [5]. Group 3: Market Sentiment and Human Behavior - The article discusses the dual nature of investing as both a science and an art, highlighting the influence of human psychology on short-term market fluctuations. The development of quantitative models to gauge investor sentiment is noted, though the accuracy of these models is contingent on the quality of input data [6]. Group 4: Work-Life Balance - The importance of work-life balance is underscored, with emphasis on the need for recovery time to seize investment opportunities. Family time and sports activities are highlighted as key relaxation methods for Lau [7].