If you know a little about the history of capitalism, you will know that the joint-stock system was indeed a great weapon at the beginning of its invention.

When all competitors are still unable to expand because of insufficient money. A joint-stock company with a large number of shareholders is able to expand on a large scale using the funds pooled from its shareholders.

Then, this kind of joint-stock system, from the original small circle of transactions, to the social market transactions.

Even a crew member, a housewife, can buy shares and become a shareholder of the company.

And their investments, in turn, will come together and become a powerful force that will provide ammunition for the company's expansion.

In the future, there will be a stock exchange, which was originally only for dividends, but has a speculative nature, and the market can be said to be more and more perfect.

But yesterday's wine, today's poison.

What used to be the weapon that allowed capitalism to rise has become a bottleneck that restricts the growth of companies most of the time.

Indeed, in the early days of the company's operation, someone comes to invest and buy shares, which is beneficial to the company's growth.

But the business environment is different from that of a few hundred years ago, when capitalism was just in its infancy, and the market is more complex and volatile.

In such a situation, the company must constantly adjust to the changes in the market. Fortunately, in the whole environment, I can find an ecological niche that suits me.

The majority shareholders may be fine, but what about the minority shareholders?

They may not be very literate, and they may not even understand the operation of the company. They just think that now that they can make money, they shouldn't fool around.

So, once they make any changes, they have the opportunity to fiercely oppose them.

Symantec and Kaspersky have suffered such backlash.

And this is also the reason why Wanhu has not been publicly offered for a long time.

Even if it is a share in the hands of employees, it is a virtual share. It's more like a marketable security that can get a share of the company, but it can't be traded.

Of course, this is done in order to ensure that the activities of the entire group of companies are coherent and that there are no differences of interest due to their respective interests.

Doesn't that look wonderful?

However, be careful.

Not at any time, there is such a good time as the rise of 10,000 households.

How many years does the tide of the video game industry usher in?

When this tide rises, how can you ensure that you are the first to enter?

The reason why Wanhu was able to become such a behemoth without relying on investment is because Wanhu is standing on one tuyere after another.

You know, if you can stand on a tuyere, the company can become a very large company.

For example, the biggest winner of the wave of video games, Nintendo is not the company with the highest market value in the book several times.

Actually, Nintendo is also very similar.

Nintendo, the company, underwent drastic reforms after taking over the tenure of Yamauchi, and today, although Nintendo has become a leader in the video game industry, it has not used its huge cash flow to invest everywhere like other companies.

Don't they know the benefits of investing?

No, they know.

However, in the early years, Yamauchi made several failed investments, but Yamauchi was full of shadows for investing in other industries.

Some people will see this and say, why is Nintendo so conservative?

However, it was this conservatism that saved Nintendo.

After the collapse of real estate and land prices, only Nintendo, which still has a lot of cash in hand, did not fall into a debt crisis.

Other companies, to a greater or lesser extent, are saddled with some debt.

Even, for example, some game companies that want to transform into real estate companies simply go bankrupt overnight.

At a time when the security software industry in the United States was in full swing, Pu Yamauchi, who was far away in Kyoto, had just made a decision.

He decided to impermanently lend $20 million to HAL Studios to help HAL Studio out of the debt crisis, but he had a request for Satoshi Iwata to leave his position as president of HAL and join Nintendo.

HAL, a company that has one more company than IBM, is one more than IBM, and although it has not really achieved more than IBM, it is also one of Nintendo's important second parties.

The company's flagship series is the "Kirby of the Stars" series developed by Satoshi Iwata.

That round pink bubble is not only loved by many children, but also by many girls.

Although Kirby's ability to obtain is achieved by devouring partners, no one feels cruel.

Really...... ...... this world Looks are everything...... Moe is justice......

Satoshi Iwata came from a family of bureaucrats of the era, and his father was even the mayor of a city. Of course, the city of Yuben is roughly equivalent to a county in China.

But even a county magistrate in China is an achievement that the vast majority of Chinese cannot achieve in a lifetime, isn't it?

The reason why Yamauchi asked Satoshi Iwata to enter Nintendo was not because of HAL's debt.

So far, it seems that money is not a problem, but how to keep Nintendo alive.

It's a pity that his own son is a waste who can't eat, drink, and skillfully work.

And his son-in-law, Minoru Arakawa, is another guy with wolf ambitions.

Although he is a good hand at making games, Yamauchi is not optimistic about managing people, especially the entire company.

Originally, there was a candidate answer for Gunhei Yokoi, but he had already left Nintendo because of VB.

There is probably only one Iwata Satoshi left.

HAL, although it is the second party of Nintendo, also has hundreds of employees.

And Iwata's ability to manage these hundreds of employees in an orderly and united manner is already a great indication of his ability.

Pu Yamauchi had also said before that he would let Satoshi Iwata come to Nintendo, but Satoshi Iwata once had the consciousness of being a person who was born to be a HAL, and a ghost who died to be a HAL.

Now HAL's debt has completely exploded, but it has given Yamauchi a chance.

He asked HAL to "sacrifice" Iwata Satoshi to himself, and in return for providing tribute, Yamauchi offered him an interest-free loan to help HAL tide over the difficulties.

Iwata Satoshi himself, even if he has "died" once, can come to Nintendo to work.

Of course, it's not that simple, it's a little more complicated.

But how complicated can it be?

Originally, HAL was the second party of Nintendo, and Satoshi Iwata spent no less time at Nintendo than HAL.

Even, everyone knew that after Satoshi Iwata joined Nintendo, there was no trace of surprise on his face.