"From what I just said, you should already know that my personal investment will still be concentrated in the computer or Internet industry. As for timing, at least for the next decade or so, this will not change. ”

"Speaking of investment plans, I said at the last press conference that I don't have any specific investment plans, just looking for some Internet companies that I think have potential to invest in. ”

Not long ago, Michael Moritz's incident has given Zheng Yan a wake-up call, so of course Zheng Yan will not disclose the investment plan, but only gives a general direction, that is, the Internet.

It seems that Mr. Zheng really has a soft spot for the Internet industry, as the outside world says. It's just a little bit very strange, and I'm sure everybody cares a lot. Since the first computer was produced, countless companies have been established related to it, such as Microsoft, IBM, Intel, etc., which have been at the forefront of the times. ”

"But in the same way, some once glorious companies have disappeared from everyone's field of vision, such as WordPerfect, which was acquired by Novell last year, and Wang An Computer Company, which went bankrupt a few years ago.

With foresight, Zheng Yan said in his heart. However, when it comes to the mouth, you must not answer like this.

"How to put it, I think I can quote a quote from my friend Steve, and it is ultimately up to your taste. Of course, my understanding of this sentence is still a little different from his. There are infinite possibilities for the development of the Internet, let alone the direction of development, and I just pick and choose what I think is the right direction to invest in. ”

"The emergence of any new thing is to make people's lives easier, and I also choose those companies that I think can make people's lives as convenient as possible to invest in. In addition, the company leader is also very important and will be in my consideration. ”

"Mr. Zheng, I already said at the beginning that the theme of our program is European business news, I don't know what Mr. Zheng thinks about the European economy?

Will it be the next place for Internet companies to rise?"

"No, one could even say it can't. There are three main reasons for this: first, Europe's population base is too small. Although the population of Europe is also hundreds of millions, the population of Germany, the United Kingdom, Italy, Spain, etc., which is the most populous, has a population of only tens of millions. ”

"Some people might say that if you set up an Internet company that looks like the whole of Europe, you will have enough users, and this is the second reason I would say, the multilingual environment in Europe is a natural obstacle. ”

"As for the third, the high welfare of European countries has also hindered the development of Internet companies. As we all know, it is difficult for Internet companies to achieve profitability in the early stage, and in this case, the high cost of labor has killed the soil for Internet companies to survive. ”

It seems that Mr. Cheng's view of the Internet is indeed a little different from others, and this may be the reason for Mr. Cheng's success. I would like to ask, where does Mr. Zheng think there is a soil for the development of Internet enterprises?"

"Huaxia, there is no doubt about that!"

"Huaxia?"

"Yes, Huaxia. At present, China's economic conditions and computer technology are relatively backward, which I do not deny, but the most important thing that China lacks is its ability to learn and innovate. I don't say this because I'm from China, it's just because I know China and the people in our country. ”

"Mr. Zheng, as we all know, Larry Ellison is the most difficult wild horse in Silicon Valley to tame, I wonder if there will be disagreements and contradictions when you get along?"

"Disagreements are inevitable, but there are no contradictions. Larry and I are not only partners, but also friends, and mutual trust is the foundation of our relationship. ”

"I'm a shareholder of Oracle, but I never question Larry's decisions, whether they're right or wrong. Because I always believed that he could deal with anything that could happen and that he had the ability to do that. ”

"As for Elite Technology, I will give some of my own opinions in due course, after all, I am the designer of the IM software, and I know far more about it than anyone else, and Larry too

Will accept it, because he trusts me equally. ”

"Mr. Zheng, one last question, or rather a request. You are one of the most successful investors in the world, can you give some investment advice to Everbright Investors?"

Zheng Yan knew that this was the most important question today, and after thinking for a while, he said: "For most investors, they are only investing in the stock of a company, and not like me, they are investing in the future of a company. ”

"When you invest in stocks, you are actually investing in the company that the stock represents, not the stock itself. In this way, the choice of direction is very important, and it is best to choose a company that you like and are familiar with to invest, so that you can make a better judgment. ”

"In addition, as an ordinary investor, you only need to consider the company itself, as long as you know what the company is doing, don't care about macro factors such as what is happening in the market, otherwise it will affect your judgment. ”

"Also, when you buy stocks, you have to have a judgment on the intrinsic value of the company you are buying, which cannot be calculated by formulas, which requires you to have an understanding of the company behind the stock, and you need to make your own judgment. ”

"When you buy, you don't have to wait until the lowest price to buy, as long as the price of the stock is below what you believe is intrinsic value, you can sell. As long as your previous judgment is accurate, you will definitely not lose money. ”

"And the most important point, and the most difficult point to do, must be rational in investment, and must not have a gambler mentality. ”

"Well, thank you all for watching today's financial forum, and thank you Mr. Zheng for his advice to investors, and we'll see you in the next episode. ”

As soon as Zheng Yan's words were finished, Ted David also ended the recording of the entire show in time. As for Zheng Yan's previous concerns about privacy, the whole process was not mentioned.

"Zheng Yan, since the show is finished, do you want to have a supper together?" After the recording of the program ended, Li Yanhong also walked in from outside.

"Forget it, when I have a chance in the future, I still have to go home to see the children" Zheng Yan thought of a few little guys at home, and was really a little uneasy, so he politely declined Li Yanhong's invitation.