Black Stone, Black Rock, Blue Rock.
Shenzhen Bluerock Investment Company is a partnership founded by a team of deep-value investors. We honor our predecessors—Munger, Buffett, and Duan Yongping—grateful for their selfless sharing of investment wisdom, which has profoundly influenced us.

Our core investment principle: Buying a stock means buying a business. We strive to understand companies thoroughly, focusing on their underlying operations—not the "scorecard" of short-term share prices. In the short run, macro policies and investor psychology may sway markets, but over time, one factor dominates: a company’s ability to generate long-term economic profits. Economic profit arises when ROIC exceeds WACC—a fundamental law of investing, as immutable as physics.

There is no novelty in timeless truths. When buying a TV, most of us visit stores, research online, and compare options thoughtfully. Yet many investors make decisions impulsively—relying on rumors or mimicking others. This is why, across bull and bear markets, in China and abroad, over 80% of individual investors consistently lose money.

Investing demands a results-driven mindset, lifelong learning, and relentless adaptation.

For our love of this craft, our passion never dims.

Global investment partnership: Our fund collaborates with Interactive Brokers (IB), a U.S.-based third-party custodian broker, ensuring the security of investor capital. Investors may establish a standalone fund or pool resources in a shared vehicle. As investment consultants, we hold limited authority—solely over buy/sell decisions. Investors can log into their accounts at any time to review positions and performance, ensuring full transparency and control.

Leadership: Robert Zhang, Chief Investment Officer and Fund Manager, holds a degree from Shanghai University of Finance and Economics.