重点来了！中欧基金窦玉明，最新发声！

Core Viewpoint - The article emphasizes the importance of building a systematic investment research framework that focuses on "professionalization, industrialization, and digitalization" to enhance the long-term competitiveness of the company in a highly competitive public fund market [2][3]. Group 1: Investment Research Framework - The concept of "professionalization" is foundational, requiring researchers to specialize in specific industries and fund managers to adhere to a consistent investment style, thereby enhancing analytical depth and reducing direct competition [3][5]. - "Industrialization" aims to transition investment research from a "workshop" model to an "industrial production" model, facilitating efficient knowledge transfer and execution within the organization [3][5]. - "Digitalization" leverages technology to improve execution capabilities by structuring data and historical research outcomes, allowing for the development of reproducible models and tools [5][6]. Group 2: Talent Management System - The core competitive advantage in investment research is built on a comprehensive talent management system that includes selection, training, motivation, and elimination [6][7]. - Selection involves assessing candidates not only on knowledge and skills but also on their judgment, risk awareness, and long-term learning capabilities [6]. - Training is a long-term investment, with a typical fund manager requiring around 20 years to mature, emphasizing the need for experienced mentors and consistent methodologies [6][7]. Group 3: Team and Platform Dynamics - The article highlights that team-based and platform-oriented approaches are essential for achieving long-term performance, as they provide broader coverage and stability compared to individual efforts [8][9]. - The integration of diverse research strengths under a unified philosophy and process enhances the frequency and efficiency of high-quality investment insights [8][9]. - The concept of the "third-generation fund manager" is introduced, focusing on specialization and leveraging team strengths to manage larger funds effectively [10].