After the market closed yesterday, I took a look at the trading board and noticed that the artificial intelligence sector was still the main focus of the market. This made me ponder - what kind of stocks will be sought after by the market? Or what is the root cause of a sector becoming a market hotspot?

Ultimately, I believe that the good performance of a sector itself will trigger a positive feedback loop. For example, the current hype around the artificial intelligence sector will cause funds from outside the market to flow into artificial intelligence stocks or into the artificial intelligence sector through investment funds, further enhancing the upward effect of the artificial intelligence sector. This will continue until there is less and less follow-up funding, and it can no longer support the selling pressure in the artificial intelligence sector.

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Therefore, it is not important whether it is large-cap or small-cap stocks, high-tech or traditional industries. What is important is to have a continuous flow of funds into this sector. What can make funds willing to continuously flow into an industry or sector? - It is the good expectations for the future of an industry or sector. Money is not a problem, the key is that the market should be optimistic about it. The more people who are optimistic, and the longer the time, the greater the increase.

What sectors will continuously change market expectations, exceed market expectations, and attract funds in a relatively long period of time? Note that there is a key word here is "continuously."

"Continuously gaining funds" is the key to stock selection and fund selection! That is, endurance is more important than explosiveness. The increase of a stock that has been rising for decades will definitely be much greater than that of a stock that has been rising for only a few months or years.

For example, Yili Shares had the largest increase in history in one year, which was more than twice, and Peng Doctor had the largest increase in one year, which was more than four times. It is obvious that Peng Doctor's market explosiveness is stronger. However, since Yili Shares was listed in 1996, it has been rising for 20 years, and only fell for 9 years. Peng Doctor, who was listed two years earlier than Yili, has only been rising for 14 years, but has fallen for 17 years.

The final result is that if we hold Yili Shares from the beginning of the listing for decades without moving, we can at least make hundreds of times of profit today! However, if we hold Peng Doctor for decades without moving, we can only earn two or three times the profit.

This is the reason why I don't envy those hot concept sectors. Most of them are like meteors, flashing in the pan, and only temporarily attracting attention. What can really bring long-term and substantial returns to our investors are long and slow bull stocks like Yili Shares.

From the perspective of stable and sustained growth in performance, the consumer sector is undoubtedly the most certain long bull sector. There are also some companies that can achieve sustained growth in performance, and they are also the future long and big bull. Most of these companies are the current leaders in the industry.Taking Sichuan Jinding as an example, it has recently seen a continuous surge for several days. But is this stock really worth holding long-term? Can it really become a long-term bull? It's hard. The company announced that it currently has no products related to hydrogen energy revenue. This indicates that the current rise in the company's stock is only temporarily driven by capital, which is an unsustainable state.

Many people believe: these concept stocks can also be bought, as long as they keep changing stocks. That is, this stock earns a few percentage points, and then another stock earns a few percentage points. Dozens of times, hundreds of times, or even thousands of times in decades, continuously chasing stocks with strong explosive power, and ultimately, you can still achieve astonishing investment returns.

So, I have a question: Is it possible to become rich by winning small amounts in a casino continuously for hundreds of times?

Continuous short-term profits for dozens or even hundreds of times are hard to accumulate into a skyscraper. What often happens is that the accumulation collapses halfway.

So in the end, we find that the stocks of companies and industries with sustainable growth in performance are the most bullish and the most worthy of investment. Because it will have long-term, continuous capital for ten, twenty, forty years to drive its rise by dozens, hundreds, or even thousands of times. This is the investment direction that we investors pursue for a lifetime. Grasping such opportunities once in a lifetime is enough. The winner of the tortoise and the hare race is destined to be the tortoise.