Hong Hao: How to Outperform 99% of Investors in Investing?

(The following highlights are organized from the video)

Q: Hong Kong has seen a number of star IPO recently. How do you feel about the IPO trend?

When the market is good, companies tend to go public because of high market valuations and investors eagerly subscribe. Businesses naturally do not want to list in a bear market, because then not only do they have to sell shares at a discount, but also give the impression that they are “in a hurry to make money”. On the contrary, it is also more attractive for companies to be able to finance at higher valuations when the market is hot.

This reflects the current situation in the Hong Kong market. In the future, I expect there will be more high-quality companies, such as fashion brands like Shein, choosing to come to Hong Kong. As long as the market remains hot, the IPO boom should continue.

Q: How did the new strategy come about this year? Why are these new shares so popular?

Revamping this year is indeed a good strategy. After all the new shares are listed, it is easy for companies in the traditional Industry to gain market attention compared to a soy sauce company. This is mainly due to market mobility and investor satisfaction.

Stocks are not the same as bonds and stocks can tell stories, but bonds can only count numbers. Just as a traditional stockist can advertise its own Stabilized Currency Business, a toy company can pack into a Box Concept, and the Milk Tea brand can mark itself as more of a Chinese consumer than Starbucks. This kind of space makes the Stocks market more dynamic and makes it easier to raise funds.

Q: You often interact with online friends on Social Media to respond to a comment, why do you do it?

It's actually like engaging in a debate. When you express your views, you are expected to meet with different opinions. The more popular the people, the more black powder tends to be because criticizing celebrities is the easiest way to get traffic.

I feel it necessary to point out the logical flaw in their argument. Some people attack others out of jealousy or boredom, and it makes more sense if they spend time on something more valuable, like studying or enjoying life.

Q: Have You Shared 25.75% Annual Return on Hedge Funds, How Is This Fund Now?

These Funds have been reactivated. When this data is published, it is important to respond to the fact that it is impossible to write a report. This is a super-hedged Funds that seeks to obtain accurate returns on the basis of profit (investment income is the third largest in the world) before controlling risks.

Q: What are your paid research services for? How do I view the followings of fans?

Setting up a payment gateway is important for me to choose the right readers who can understand my investment mindset. After 15 years of sharing research for free, I started paying mode in the next two years. Readers who are willing to pay fees are more focused, have more lawyers, and understand the value of research.

The return on investment is not just about making money, but more importantly improving your cognitive abilities in the process. This growth is truly one's wealth.

Q: You spend a lot of time researching the market every day, and what is the driving force behind this persistence?

I usually go to bed at four points, organize market news for four hours and form visitors. I'm sticking to the principles of what to write and do. Being able to gain market knowledge is why my analysis helps readers make better investment decisions.

Q: How do you see the impact of AI on investment research?

AI literally changes the way information is obtained. Traditional Search Engines such as $Alphabet-C(GOOG.US)$ Due to advertising interference, the results are increasingly unobjective. And AI can proactively retrieve the latest data and even quickly summarize report highlights, greatly improving research efficiency.

Like the Grok (X AI product) I use, spending $200 gets the equivalent of an entry-level research assistant level analysis, and the data updates are very timely. AI can already replace some basic research work.

Q: Do you qualify for this job as an Analyst for AI?

We don't see any sign of AI making good analytical reports at this time. The limitations of AI are that it only predicts the “next word” and lacks real understanding and creativity. AI tends to perform poorly when faced with new scenarios.

Like a book-only student who has no contact with society, what is written, although without spelling mistakes, lacks authenticity and depth. And that's why we can easily distinguish AI-generated content — it's too perfect but not real.

Q: How should investors stay competitive in the AI era?

The key is to remain innovative and able to think independently. AI can help us get information more efficiently, but real investment decisions still require human judgment. Those investors who are able to combine AI tools with human intelligence will have an advantage in future markets.