Core Viewpoint - The current investment landscape is undergoing a significant transformation driven by technological advancements, particularly artificial intelligence, which is expected to reshape the wealth map for the next 30 years [1][3]. Group 1: Strategic Shift - The company has made a strategic decision to transition from a focus on "rooted in China" to "going global," achieving remarkable returns over the past two years, especially in the AI sector [1][3]. - The company has been recognized as the top private equity firm in China for two consecutive years, highlighting its successful strategic pivot [3]. Group 2: Long-term Capital Investment Insights - Historical data shows that the real return rate in the U.S. over the past 200 years is 6.6%, with $1 growing to $1.03 million through compounding [4]. - In contrast, Japan's market has only increased by 0.68% over the past 35 years, and the Turkish lira has depreciated by 93% over the last decade [5]. - The U.S. market has experienced only two periods of negative returns in the last 200 years, indicating resilience in long-term investments [6]. Group 3: Investment Principles - The core principle of investment is to identify the main drivers, with technological progress being the key factor for wealth growth, while short-term fluctuations do not alter long-term trends [7][12]. - The company emphasizes the importance of investing in "world-changing companies" and "companies that are not changed by the world," reflecting a strategic shift in investment focus [19][20]. - A successful investment strategy combines light asset, high-profit business models with the power of time compounding, as seen in the U.S. tech giants' ability to create multiple growth engines [22]. Group 4: Future Outlook - The current phase of artificial intelligence development is likened to the transformative impact of the steam engine during the Industrial Revolution, suggesting significant future opportunities [25]. - The company believes that the AI explosion is just beginning, with a long-term perspective necessary to navigate through cycles and achieve substantial returns [29]. - The potential emergence of tech giants with market values reaching $10 trillion is anticipated, with companies like Nvidia already nearing a $4 trillion valuation [30].