Core Viewpoint - Public funds demonstrate medium to long-term investment value through professional management, with "Double Ten Funds" representing concentrated long-term performance. However, short-term performance fluctuations challenge the ability of these funds to deliver excess returns during market volatility [1]. Group 1: Fund Performance Analysis - The recent performance of the Caifeng Value Momentum Mixed Fund, managed by Jin Zicai, has faced significant fluctuations over the past month, raising concerns about its long-term performance amidst short-term volatility [1]. - Historical data shows that the Caifeng Value Momentum Mixed Fund has outperformed mainstream market indices in most years over the past decade, indicating strong management capabilities [1][2]. - In 2024, the fund achieved a return of 12.58%, significantly higher than the benchmark indices, showcasing its potential for recovery and growth [2]. Group 2: Investor Behavior and Strategy - Investors who held the Caifeng Value Momentum Mixed Fund for over five years had an 85% profit rate, with an average annualized return of 12%, while those holding for less than one year had only a 35% profit rate, highlighting the importance of long-term investment [3]. - During periods of significant market downturns, investors are advised to assess whether the fund manager's performance issues stem from market conditions or systemic errors, rather than reacting impulsively to short-term fluctuations [4]. - For investors with timing abilities, employing grid trading strategies can help manage high-volatility funds like those managed by Jin Zicai, transforming emotional timing into disciplined operations [4][5].