Core Insights - Zhang Qi, the stock investment director at Guoshou Anbao Fund Management Co., emphasizes a dual approach in investment, focusing on macro and industry trends ("Dao") and specific stock selection ("Qi") [1] - Since joining Guoshou Anbao Fund in 2015, Zhang has achieved a net value growth rate of 231.77% for the Guoshou Anbao Smart Life Stock A fund, with an annualized return rate exceeding 12% [1] Investment Philosophy - Zhang Qi's investment strategy is characterized by continuous learning and adaptation to market changes, expanding his investment capability across various sectors, including technology, manufacturing, and chemicals [2][3] - He believes in the importance of understanding the intrinsic value of companies through extensive research and dialogue with management, viewing himself as a "quiet investor" who focuses on long-term growth [3] Investment Strategy - Zhang adopts a "left-side" trading approach, making proactive investments when industry trends are emerging, and emphasizes a combination of top-down and bottom-up research for stock selection [4][5] - He maintains a diversified portfolio to balance overall risk, avoiding heavy concentration in single stocks despite confidence in his professional judgment [5] Market Outlook - Zhang is optimistic about the long-term prospects of the market, particularly in the technology sector, which he believes is undergoing a systematic revaluation [6][7] - He identifies two core investment directions: the technology sector, driven by advancements in AI, and opportunities in automotive parts, particularly in areas with low domestic production rates [7] Future Trends - Zhang highlights several disruptive technologies with potential for commercialization in the next five to ten years, including solid-state batteries, controlled nuclear fusion, low-altitude economy, and nanotechnology [8]