Core Viewpoint - The article emphasizes the importance of long-term investment strategies, particularly in growth stocks, as a means to navigate market volatility and achieve sustainable returns over time [1][2][5]. Investment Philosophy - The investment philosophy centers on the belief that true long-term returns come from companies that create value and possess core competitiveness, rather than from fleeting market trends [2][10]. - The approach involves low turnover rates and deep research, focusing on long-term tracking of companies rather than short-term performance metrics [2][11]. Performance Metrics - The Morgan Emerging Power Fund, managed by Du Meng since 2011, has achieved a total return of 796.77% and an annualized return of 16.52% as of November 12 [6]. - The Morgan China Advantage Fund, managed since 2019, has an annualized return of 19.13% and a cumulative total return of 1513.25%, marking it as one of the few funds to achieve a "15x base" since inception [6]. Long-Term Investment Strategy - Du Meng's strategy is characterized by a focus on long-term growth, emphasizing that the value realization of growth stocks is a gradual process requiring time [5][10]. - The investment framework includes a systematic approach to managing positions based on industry trends and company fundamentals, avoiding concentration risks [7][14]. Market Trends and Future Outlook - Du Meng remains optimistic about sectors such as renewable energy, AI, and pharmaceuticals, identifying them as structural opportunities for growth [9][15]. - The investment strategy is designed to withstand market fluctuations by focusing on the essence of industries and maintaining a long-term perspective [8][15]. Risk Management - Effective risk management is achieved through thorough research, ensuring investments are in fundamentally sound companies, and maintaining a disciplined approach to valuation [14][15]. - The strategy includes a dynamic allocation of positions based on the certainty and potential of individual stocks, enhancing the resilience of the overall portfolio [7][14].