Li Bei strikes back three times at the mockers: positions have been reduced, pullbacks are controllable, I advise you to first look at yourselves

Golden Finance reports that on June 23, recently, Li Bei, the founder of Banxia Investment, who is known as the "Private Equity Witch," was mocked by the public due to a significant drawdown in the net value of her products. In her latest response, she directly countered these voices. Regarding the reasons for the decline, Li Bei candidly stated in her letter to Banxia investors that it mainly stemmed from recent sharp drops in her heavily weighted sectors: energy, real estate, consumer goods, and building materials.

1. Criticism of investors' "wanting it all" mentality: She pointed out that some investors, during market rallies, complain about their slow gains and envy others' low volatility; during market pullbacks, they complain about their losses and want to chase high-volatility products. She implied that investors lack discipline and are always looking at other mountains, thinking they are greener.
2. Demonstrating risk control and position status: Li Bei emphasized that the company's risk management framework has always been strict. During the recent market decline over the past week, they proactively reduced positions according to risk budgets. She humorously indicated that now there are "not many positions left to be unlucky with," implying that even if the market falls further, the space for additional losses is limited.
3. Refuting the logic of "being mocked": She presented data to show her drawdown control—high-volatility products have retraced about 10% from their peak, while low-volatility products only retraced single digits—and asked back, "I don't know what's worth mocking; maybe you should first look at yourselves."