作品简介

　　理解策略之“道”，万变不离其宗。本书从策略研究框架的迭代出发，思考A股投资环境“变化”带来的策略研究“进化”，沿着大势研判、风格配置、行业比较、新兴产业、选股策略等方向，展开从基础到进阶全面的策略研究，是作者十余年策略研究的思考成果与总结。

　　作者被机构投资者誉为“擅长大势研判的策略分析师”。包揽2014-2022年新财富、金牛奖、水晶球奖、新浪金麒麟等所有重要奖项，现任中国保险资产管理业IAMAC资管百人专家。个人公众号“戴康的策略世界”备受业内关注。

　　本书具有以下几个特点：其一，与回顾历史复盘股市的书籍不同，我们更希望能提供多年沉淀下来的万变不离其宗的策略研究框架，化繁为简；其二，与年代较为久远的方法论不同，我们更希望能提供近年来A股新生态进化与迭代的思考，立于浪尖；其三，我们力求避免陷入“宏大叙事，不接地气”的怪圈，在书中结合运用了大量实例，以实践检验真理。广发策略团队是A股策略研究框架迭代“从方法论到进化论”的倡者，相信本书可以成为投资者、分析师、金融管理部门、财经媒体或高校师生等读者群体的宝贵参考。

　　戴康，CFA，广发证券首席策略分析师，中国人民大学经济学硕士，东北财经大学金融硕士研究生导师，上海国家会计学院硕士生导师，13年A股投资策略研究经验，被机构投资者誉为“擅长大势研判的策略分析师”。

　　重要观点：2014～2015年提出“贴现率牛市”，2016年8月提出“供给侧慢牛”，2016年11月提出“盈利牵牛”，2018年4月提出“折返跑”，2019年初提出A股熊牛转换（金融供给侧慢牛开启），2021年2月提示“微观结构恶化”，2021年12月进一步转向“慎思笃行”，2022年11月初率先提出“破晓”、港股“天亮了”。

　　包揽2014～2022年新财富分析师、金牛奖、水晶球奖、新浪金麒麟分析师等所有重要奖项，现任中国保险资产管理业（IAMAC）资管百人专家，个人公众号“戴康的策略世界”备受业内关注。

　　获取贴近投资实战的策略研究，请关注作者公众号“戴康的策略世界”。

Introduction of works

To understand the "way" of strategy, all changes remain the same. Starting from the iteration of the strategic research framework, this book considers the "evolution" of strategic research brought about by the "change" of the A-share investment environment, and carries out A comprehensive strategic research from the basic to the advanced level along the direction of general trend research, style configuration, industry comparison, emerging industries, stock selection strategies, etc., which is the author's thinking results and summary of more than ten years of strategic research.

The author is praised by institutional investors as "a strategic analyst who is good at researching and judging the general trend". He has won all important awards such as New Wealth, Golden Bull Award, Crystal Ball Award and Sina Golden Kirin from 2014 to 2022, and is now an IAMAC asset management expert in China's insurance asset management industry. Personal public number "Dai Kang strategy world" has attracted much attention in the industry.

This book has the following characteristics: First, unlike books that review the history of the stock market, we hope to provide a framework for strategic research that has been accumulated over the years, and simplify the complex; Second, different from the older methodology, we hope to provide the thinking of the new ecological evolution and iteration of A-shares in recent years, which is at the forefront of the wave; Third, we strive to avoid falling into the "grand narrative, not grounded" cycle, in the book combined with a large number of examples, to test the truth with practice. GDB Strategy team is the advocate of the A-share strategy research framework iteration "from methodology to evolution", and believes that this book can become A valuable reference for investors, analysts, financial management departments, financial media or university teachers and students and other readers.

Dai Kang, CFA, Chief strategic Analyst of Guangfa Securities, Master of Economics in Renmin University of China, Master tutor of Finance in Dongbei University of Finance and Economics, master tutor of Shanghai National Accounting Institute, with 13 years of experience in A-share investment strategy research, is praised by institutional investors as "A strategic analyst who is good at the research and judgment of the general trend".

Important points: From 2014 to 2015, the "discount rate bull market" was proposed, the "supply side slow bull" was proposed in August 2016, the "profit morning bull" was proposed in November 2016, the "turnback run" was proposed in April 2018, the A-share bear bull conversion was proposed in early 2019 (the financial supply side slow bull opened), and the "microstructure deterioration" was suggested in February 2021. In December 2021, it further turned to "careful thinking and careful action", and in early November 2022, it was the first to propose "breaking dawn" and Hong Kong stocks "breaking dawn".

He has won all important awards from 2014 to 2022, such as New Wealth Analyst, Golden Bull Award, Crystal Ball Award and Sina Golden Kirin Analyst, and is now one of the 100 asset management experts of China Insurance Asset Management Industry (IAMAC). His personal public account "Dai Kang's Strategy World" has attracted much attention in the industry.

For strategic research close to investment practice, please follow the author's public account "Dai Kang's Strategy World".