Li Bei retaliates against the mockers for three consecutive times: the position has been reduced, the withdrawal is controllable, and I advise you to take a look at yourself first On June 23rd, according to a report by Golden Finance, Li Bei, the founder of Banxia Investment, also known as the "private equity witch," was ridiculed by the outside world for the significant rebound in net asset value of her products. In her latest response, she directly countered these voices. Regarding the reasons for the decline, Li Bei admitted in a letter to Banxia Investors that the main reason is the recent sharp decline in its four major areas of energy, real estate, consumption, and building materials, which are heavily held. 1. Criticizing investors' "both want and want" mentality: She pointed out that some investors complain about their slow rise and envy others' low volatility when the market rises; When the market retraces, they feel that they have fallen too much and want to chase after high volatility products. She hinted that investors lack determination and always look up at each other. 2. Showcasing risk control and position status: Li Bei emphasized that the company's risk control framework has always been strict, and in the past week's market downturn, it has proactively reduced its position according to the risk budget. She said in a self deprecating tone that there are "not many positions available for bad luck" now, implying that even if the market falls again, there is limited room for further losses. 3. Refuting the logic of "being ridiculed": She presented data to illustrate her drawdown control situation - high volatility products retreated about 10% from their highest point, while low volatility products retreated only in single digits, and retorted, "I don't know what to mock either. Let's take a look at ourselves first, those who mock us