Chapter 315: It is inevitable that the blue is better than the blue!
Copying the bottom, the word "copying the bottom" should now be the most used word by stock commentators.
What Shenzhen Index, Shanghai Index, Hong Kong stocks, and U.S. stocks have fallen from 6122 points to now.
In the stock market, you can see such inciting and demagogic words almost every day.
Why is the magic of bottom-buying so great?
Because some self-righteous people are always thinking that a big rebound of what wave is about to appear, what kind of Jedi blowout market will happen at any time, what kind of retaliatory rebound is about to happen, and so on.
Quickly copy the bottom and make a fortune!
Once you succeed in buying the bottom, you will struggle for 20 years less!
Anyway, those words can be written every day, because no matter how tragic the stock market falls, they will one day be wrong.
Those who have stepped forward will jump up and curse.
Luckily, he bought it the day before the outbreak, and he worshiped the stock god of the legend of those stock critics, and it didn't matter if he talked nonsense for 365 days, he just had to brag again and again about the time he was right.
The stock market is bottom-buying.
Bottom-up of any business practice.
In the end, it is the game of the wise, and it is also the grave of the wise.
Some go to heaven and some go to hell.
Become a super-rich overnight, or be destitute. Straight bankruptcy!
Xi Ming's copy of the Xiong District, Li Ka-shing does not believe it, and that young man did that, although he can't believe it, he can only choose to believe it.
Li Ka-shing also likes to buy the bottom, because buying the bottom is a way for enterprises and entrepreneurs to grow by leaps.
Part of the reason for his success comes from the fact that he has been at the bottom all the way, constantly achieving leapfrog development, and finally standing at the top of wealth.
The growth of enterprises is not the same, and it is not immutable, and we need mutant genes that can change the pattern of the business world like buying the bottom.
Seeing the smile on Li Ka-shing's face, he still had doubts in his heart.
Xi Ming smiled again: " In 1950, with your own savings and borrowed 50,000 Hong Kong dollars, you opened the Yangtze River Plastic Factory until 1964, and you gave birth to plastic flowers in 16 years of practice before you obtained a profit of 10 million Hong Kong dollars, you began to understand that relying on the meager profits of one plastic flower after another, how can Li Ka-shing's wealth increase at the speed of nuclear fission, and you use your own wisdom to constantly look for opportunities to buy the bottom, which is to prepare a springboard for your business to take off one after another。 ”
Li Ka-shing has always given people a sense of humility, but if he talks about his pride and pride, he is just as happy and happy as ordinary people.
After 16 years of plastic flower plastic factory, he began to buy the bottom, borrowed money to buy the bottom, that year was 1965, Hong Kong financial crisis, bank credit plummeted, everyone was in danger, in order to protect themselves, many investors frantically sold real estate, Hong Kong's real estate also plummeted, real estate companies went bankrupt in 1967 anti-British storm, undoubtedly fueled the fire, Hong Kong real estate into a death-like downturn, and Hong Kong real estate retreat businessmen are different, Li Ka-shing did not beat Hong Kong real estate to death, on the contrary, he believes that the depression is only temporary, Hong Kong's real estate will eventually rebound。
As expected, after a short period of time, Hong Kong's economy rebounded, and real estate was thriving.
This is similar to the young man in front of him to copy the bottom of the male area, but it took him sixteen years of accumulation and three years to complete the entire copy, but the young man opposite completed all the whole process in just over a year, and his previous pride seemed to be a lot weaker in front of this young man.
In addition, his next dip was ten years later, in 1973, affected by the Middle East war and the oil crisis, oil prices soared, the global economy went downhill, Hong Kong's economy was affected, and the property market was sluggish. Li Ka-shing took the opportunity to eat a large number of high-quality assets again.
In 1979, Li Ka-shing purchased 22.4% of Hutchison's shares, increased its capital to 40%, and became the chairman of the board of directors of Hutchison, and his career began a qualitative leap.
In 1997, before Hong Kong's return to the motherland, the situation in Hong Kong was turbulent, British capital withdrew from Hong Kong, and many Hong Kong businessmen fled Hong Kong, fearing that there would be any variables after Hong Kong's return. When British and Hong Kong investors fled in a hurry, Li Ka-shing sat firmly in Diaoyutai, firmly believing that Hong Kong would be better after the return to the motherland, and took over the assets hastily sold by foreign and Hong Kong businessmen at a low price, and once again made a lot of money.
After completing several large-scale bottom searches, Li Ka-shing understands better than anyone else that bottom buying is not only the behavior of one person, but also the economic or political behavior of an industry and even an entire country.
The rapid rise of the United States was largely due to the economic crisis and the benefits of the two world wars. In particular, the two wars gave birth to a large number of dead businessmen and bankers in the United States, whose productive forces were extremely inflated, and even the president of the United States was excited to "toast to the powerful productive forces of the United States", which became the gospel of the growth of the United States.
Like Li Ka-shing, and those big people in history who make people look up to the mountains are actually not mysterious, they just follow such a simple economic principle, copy the bottom, to put it bluntly, just like housewives in the mall hypermarket sweeping goods, but the difference is the stock market, the real estate market or the price of gold, the only difference is that they will never tell you when is the lowest price like a store.
The so-called heroes in troubled times require timing, and they need keen vision, amazing courage and courage to go against the trend!
Successful entrepreneurs and successful enterprises have the experience of copying the bottom, which is a common password for entrepreneurs to write the legend of enterprise development.
I talked to the young man for a long time.
Could it be that he really speculated on that level of national policy by himself, and really has the kind of young man who suddenly opens his mind and suddenly awakens his business wisdom?
The young man was gone.
Li Ka-shing's mind could not be calmed for a long time.
It takes 10 or 20 years to complete oneself in one year.
It is inevitable that the blue is better than the blue, but the older generation is too amazing to see the new generation, and there will always be some mustard in their hearts as an old man, because the rise of the newcomer often means the end of the older generation.