Chapter 45: Fear or Greed (II)
Beijing, in recent years, the most well-known Sunshine private equity non-equity asset management companies, such as Pure Heart, Wudang Assets, Xingshi and other asset management companies, these companies are very strong in terms of foundation and strong financial strength.
Of course, most of their managers are private equity or industry leaders.
However, there are also some bigwigs who are not mixed in the private base world, such as Zhao Danyang, the godfather of private equity.
According to the company's information, Zhao Danyang, the godfather of private equity, is still a powerful figure, Zhao Danyang is the founder of the "Pure Heart China Groth Investment Fund", known as the "godfather of China's private equity". 2008 was a year of Zhao Danyang's fame, on January 2, 2008, he liquidated all five of his trust products, announced his withdrawal from A-shares, and successfully escaped the top, and in 2008, he bid for a lunch with arren Buffett (arren Buffett) for 2.11 million and 100 US dollars. According to the Associated Press, Warren Buffett's 2008 charity lunch auction was won by Zhao Danyang, and the transaction price is the highest in history.
When the stock market rose and fell back on Wednesday, Goldfinger saw this news that was more than ten years old, was taken aback, and then scolded "Loser, loser, my brain is in water, and I kicked the donkey when I gave birth." ”
"Who, who are you scolding for being a loser? Brother Finger, don't you mean that I spent money to buy a 30 yuan lipstick? Didn't I show you it? It's really a dog biting Lu Dongbin, and I don't know the hearts of good people!" Xiao Zhao said aggrievedly.
"It's not about you, I'm talking about the person who worships foreign people, spends more than 10 million yuan on a meal with others, and also takes a plane to the United States, you know how many traps there are in that place in the United States, some time ago, the husband of the milk tea girl was almost controlled by a female student and assaulted by a female student, which caused JD.com's stock price to plummet, and the international influence is not good, but it's a pity, the milk tea girl is so beautiful!"
"Are you a pity for a beauty or a pity for other people's reputation, what does it have to do with you, you have the ability to be admitted to Tsinghua University and a class with a milk tea girl, see if she will look at you squarely, people are expensive and self-aware!"
"Eh, I'm talking about Zhao Heyang, why do you digress!" Goldfinger stroked his forehead with his hand and sighed.
As for the person concerned, especially Zhao Mouyang, who was coaxing and rich at the time, and was willing to use the money to build momentum, he felt that it was worth it.
And on Thursday, when Goldfinger saw that the market was affected by the US stock market and opened low, his heart was particularly unbalanced, why do Chinese always like to look at the faces of Americans, and the US ten-year bull market, the Chinese stock market can not be bullish, but the US stock market falls, the Chinese stock market falls, what is the reason?
So he couldn't help but learn about the operation of the company's fund on Thursday, and when he reduced his position sharply in the first two days, it seemed that everyone was no longer aggressive, which was not good, and Goldfinger finally took the initiative and asked the research department and the decision-making department to discuss whether it should be moved.
The decision-making department was originally undecided, but as soon as it heard it, it made up its mind, and it entered the whole position, anyway, the market quickly fell back, and the risk was not great.
Manager Wang Yong is even more eyebrows dancing, this time stepped on the rhythm, the rise is gratifying, not to say, but to do the short difference is very easy, and have a lot of fun.
The staff of the marketing department and the customer service department are also very happy, and the customers have come to visit recently, and the transaction is far from imaginable.
"Alas, if the stock market has a big rally, then we won't send it. It's really unclear. ”
"Hey, don't look at who we always plant, gold finger, one finger of the hand, a little stone into gold!"
"Yes, this name is good, and the integration with our company is 100%!"
"Ah, who's talking about me?" Goldfinger was still studying Zhao Danyang's information, and suddenly snorted, "Zhao Mouyang originally had a purpose for eating, rely on." ”
According to media reports at the time, Zhao Danyang said that during the meal, he asked the stock god for some key points in investment and recommended Wumart Business, a Hong Kong stock, while Buffett responded "go back and see". As soon as the report came out, Wumart Commercial rose nearly 24% for four consecutive trading days. Before lunch, Zhao Danyang's fund already held shares of Wumart Commercial, and the surge made it a big profit of HK$130 million in a week
Obviously, this is a purposeful marketing, and Hong Kong stocks and Wumart are now delisted, think about such a promising stock, Buffett, a value investor, will look at it?
Not to mention that Goldfinger is spitting in the countryside.
On Thursday (that is, October 25, 2018) afternoon, the stock index was strong after the gap low, did not share the hardships with the US and European stock markets, the Shanghai Composite Index closed at 2603.3 on Wednesday, and closed at 2603.8 on Thursday, up 0.5 points, which is insignificant and even very reluctant, but compared to the gap of 2540 points, it opened low, but pulled out a Chinese man as a self-improvement Zhongyang.
Jin Fugui Building, although the pressure has been relieved during this time, it is pale compared with the rapid expansion of the fund share of the Hand of God Company.
The researchers were also ashamed.
"Our share is getting smaller and smaller, and if this continues, our fund will automatically close the apportionment, what are you doing?"
"Hell there, this stock market is going to rise sharply, but it rose for two days and then fell sharply, and today I thought it was going to fall, but it turned out to be up again. Back and forth, how difficult it is to grasp. ”
"It's not difficult to grasp, it's that we can't do whatever we want like stockholders, buy if we want, sell if we want to, the market is changing rapidly, and we are lagging behind. ”
"What's the lag, didn't the Hand of God go in again this morning, what a good opportunity!"
"Damn, they're crazy, crazy, they're crazy, okay????
"It can only be said that we are afraid, the U.S. stock market has plummeted, we are afraid, and we may wish to take a look at the news, the latest research report of the quantitative analysis team of Bank of America Merrill Lynch pointed out that 14 of the 19 bear market indicators in the United States have been triggered. At present, the biggest suspense in the market lies in whether a seesaw effect can be formed between US stocks and A-shares, waiting for the opportunity for US stocks to fall out of A-shares? Jim Rogers, an internationally renowned investor, has publicly stated that I hold Chinese stocks and no longer hold US stocks. Bob Prince, co-chief investment officer of Bridgewater, believes that as the economic cycle in Europe and the United States draws to a close, investors should consider turning east. Within five years, the economies of the emerging Asian economic blocs, led by China, will grow in size on a par with Japan's, and within 10 years, the economies of Europe will be on par with those in Europe. Let's see, people have confidence in us, why are we afraid to boldly take a full position?"
"If you want to go all, you can go all, and there are three folds in one wave, I'm afraid that we will be too greedy!"
In the world of trading, all traders face two major psychological barriers: greed and fear.
Fear originates from people's uncertainty about the future, when people are trading, the fear of loss will make us fearful, the fear of losing money will expand, and the fear of making money will spit back, this worry has troubled every trader.
Greed, from desire, there are pros and cons, greed drives you to take risks, to try, to trade, it is the source of your profit, but excessive greed often pays a heavy price. People who are overly greedy like to aggravate their positions, which is very dangerous behavior and often ends tragically.
Investors across the country are inevitably caught in fear and greed, especially in the face of the sharp rise and fall of the stock market, it is even more difficult to control their emotions soberly, which is also a common problem of the authorities.
More than a dozen researchers in the Golden Fugui Building discussed for an afternoon, but to no avail, and recently they seem to have come to a clear understanding:
The financial market is not won by academic qualifications and research, but by investment philosophy, and it seems that it lacks a better investment philosophy.