In the blink of an eye, it was October 7, 1980.

Hong Kong's property market and stock market are booming to the extreme, and the whole city is talking about stocks everywhere.

Everyone has forgotten the lessons of the previous stock market crashes, and even shoes-shiners, drivers, waiters and other classes have joined the ranks of stock speculation.

HSBC, the most famous bank in Hong Kong, has pointed out that the stock prices of most companies deviate from the actual value, and the property market is also oversupplied, and the price is seriously inflated.

However, people did not pay attention to HSBC's kind reminders, and rushed to speculate in stocks and pre-existing properties.

For example, in the past, people speculated on pre-sale properties as a set of hype. And now there is a whole floor, or even an entire building, hype. Just like the "Golden Gate Building" was hyped and resold several times in just one year!

With a history of 100 years, Hongkong Land, the largest British-funded real estate developer known for its stable operation, has lost the Wharf and Golden Gate Building in succession, and has become impetuous.

Hongkong Land has been spending billions of dollars to buy a large amount of sky-high land in preparation for the development of new buildings. Hongkong Land, which has a market value of more than 8 billion, controls more than 20 billion in capital, but the scale of debt is inflated to 15 billion Hong Kong dollars!

People jokingly call Hongkong Land Company - Hong Kong's first "debt king"!

Later, Hongkong Land really paid a heavy price for these impetuous investments - the land price plummeted in 82 years, and the floating loss of land reserves alone caused a loss of more than 3 billion, and in the following years, Hongkong Land was unable to breathe!

Even the largest real estate developer, Hongkong Land, is so impetuous.

Not to mention the other funds in the market that speculate on stocks and the property market?

The stock of Jianing Real Estate, a cutting-edge real estate dark horse, has jumped to HK$15 per share because it is widely sought after by the market.

Jianing Real Estate's latest dividend release plan is: "3 shares for every 5 shares, a dividend of HK$0.3 per share!" ”

This is the second bold dividend since Jianing Real Estate was listed on the backdoor this year.

The price of the allotment is $10 per share, which is lower than the market price of $15. Therefore, it has stimulated the interest of a large number of shareholders to invest in Jianing Real Estate.

Soon after, Jianing Real Estate has completed the allotment of 250 million shares, and the dividend only spent 120 million yuan, but the allotment financing has obtained 2.5 billion! Through this allotment, Jianing Group has changed from an empty shell to a giant with at least 3 billion Hong Kong dollars.

In fact, the total amount of loans from Jianing Group in overseas bank groups is only 2 billion. If Jianing Group is less ambitious, no longer creates false performance, and after repaying its debts, it can also be one of the top ten real estate companies in Hong Kong.

However, Zhang Shaojie knew that later Jianing Group intensified, repeatedly announced false results, slapped a swollen face and became fat, and released many high dividends.

At the same time, Jianing Real Estate not only expanded aggressively in real estate, but also acquired an insurance company and a shipping company.

It is important to know that at the end of the 70s, the global shipping industry has entered a depression phase.

Bao Yugang, the world's largest ship king, abandoned ships and landed, invested in Wharf and other companies, and entered the industry.

In 82 years, Jianing Real Estate's main real estate business suffered setbacks and the shipping industry suffered huge losses!

Jianing's bubble was punctured in 82 and quickly entered the bankruptcy liquidation process.

Because of the big rise of Jianing Real Estate!

The Mei brothers came to Zhang Shaojie several times, but they were all sighing: "Shaojie, your Jianing real estate was sold too early, take it, and now you have made at least five or six million more!" ”

Zhang Shaojie said indifferently: "There is no joy when it rises, and there is no joy when it falls." Be healthy, don't want to make more, first of all, you want to settle down. Only when it becomes an actual profit is the real profit! ”

"Forget it, I'm not convinced, your stock market has been so prosperous recently, why haven't you moved?" Mei Qiming asked.

Zhang Shaojie said: "If you see it, you can close it, this wave of bull market, starting from 150 points in the Hang Seng Index in 74, has lasted for 6 years, and now it is more than 1500 points, an increase of 10 times!" At this time, everyone is crazy and lively, I won't make do with it, and when the bear market is a few years old, everyone talks about the change of stock color and is unwilling to speculate in stocks, it is a better opportunity! ”

"How long will it take?" The Mei brothers listened attentively.

Zhang Shaojie drew a chart casually and said with a smile: "The bull market will last until the first half of next year at most, and by the second half of 81, the Hang Seng Index may rise to 1800 points. In the last round of the Great Bear Market, the '73 Bear Market, the index fell from 1,774 points to 150 points, a total of 1 year and 9 months. This wave of bear market is destined to be a big bear market, and it is estimated that it will bottom out in about a year and a half. After the bottom, there is another bottom consolidation for a year and a half. In '84, it's a good time to get in!"

"84 years! That's a long time! Mei Qide couldn't help but shake his head, "I can't wait!" Shaojie, you still recommend a good stock, can it be a stock that can still make money in the bear market? ”

Zhang Shaojie smiled dumbly and said, "So greedy! ”

For the long-lived old bear between 1981 and 1984, the stock will rise against the trend, Zhang Shaojie has no impression.

The study of the stock market is a discipline that studies victory.

The most inked stock market books of all kinds are the big bull stocks in the bull market.

As for the books related to the Great Bear Market, they are relatively unpopular. Most investors only want to see the part related to making money, and as for the tragic part of the bear market, many people choose to ignore it.

As a result, books devoted to bear markets are not popular. Even if many stock books must have a bear market analysis, it is also analyzed from the general trend, and as for the individual stocks in the bear market, they will rarely be expressed one by one.

Zhang Shaojie went through a lot of books on future Hong Kong stocks, and did not find any specific stocks that rose against the market during the bear market in 81~84.

Even if it is Hutchison Whampoa and HSBC Holdings, such big bull stocks in the next 30 years will at most be less resistant to decline than other stocks in the market.

"I still want to make money in the big bear market, don't be too greedy!" Zhang Shaojie couldn't help but feel funny.

The Mei brothers also knew that they were reckless in asking.

After greeting for a long time, I saw that Zhang Shaojie has been lacking interest in the stock market recently. In addition, Zhang Shaojie also said that before the first half of next year, the Hong Kong stock market still has a period of market to go.

got the prediction of Zhang Shaojie's "Chrysostom Yuyan", and the Mei brothers left happily.

These two brothers ran errands for Zhang Shaojie before, and they also had hundreds of thousands of dividends on hand.

Therefore, the Mei brothers also learned from Zhang Shaojie before and tossed in the stock market. Relying on the bull market industry, it is also the best way to make money.

Both of the Mei brothers have a net worth of more than 600,000 Hong Kong dollars, and the two brothers are doing the dream of making one million dollars in the bull market!

Zhang Shaojie shook his head, the Mei brothers still haven't gone through the baptism of the big bear market, and they can't become a climate!

If the average shareholder wants to become a climate, it will take at least 20 years to turn around. It has been baptized by many bull markets and bear markets. Familiar with the laws of previous bull markets and bear markets, in order to be able to exercise a keen eye and a calm mind, at that time is a mature speculator!

However, if a speculator is mature in his thinking, he is no longer a pure speculator, but more willing to be an investor!

For example, Zhang Shaojie will gradually feel that the kind of speculation in the secondary market is worthless to the social state, but it has increased the speed at which the financial system lies on the real economy and sucks blood!

For the real economy, if the financial system is controlled in a relatively small scope and scale, it may be the lubricant for the growth of the real economy.

However, more and more bank loans, bonds, and financial derivatives are lying on the whole society to suck blood and profit. The consequence is that when the value created by the labor of the whole society is not enough to meet the ever-expanding financial industry, the society will produce one crisis after another!

It is precisely because of this that Zhang Shaojie is more and more disgusted with the insatiable financial industry, and pays more attention to the real economy of down-to-earth production and service to the society!

Zhang Shaojie began to understand the shares of St. Peter. Lynch, Warren Buffett -- there is no such thing as a specific stock market in their eyes.

The short-term ups and downs of the stock market, in the eyes of investors at that level, there is no doubt that the real significance is the rise and fall of an industry and the growth of a company!

For Zhang Shaojie, the significance of his struggle is to continuously produce and create cultural copyrights, and use these creative copyrights to drive the upgrading and innovation of China's cultural industry.

Gradually, China's film and television, animation, and game industries began to have the popularity of the American film and television industry and the general popularity of this animation and game products in the international market.

Zhang Shaojie believes that no matter how much material happiness comes to people, it is also limited, and more happiness comes from career, culture, ideals, beliefs and so on.

For many years to come, with the collapse of the Soviet Union. Although China is developing rapidly economically, it is in the realm of faith collapse in the ideological field. In addition, in the field of culture, it cannot resist the impact of film, television, animation and games from Europe, America and other countries. For many years to come, the ideological field will be one-sided and pervasive defeatism!

For example, in the 80s and 90s, the Chinese media exaggerated the gap between China and developed countries, and said that "the economy cannot surpass that of Britain and Germany within 50 years" and "100 years behind the United States". Therefore, the post-60s and post-70s generations are often affected by too much thinking. Even if China's industrial production scale leaps to the first place in the world, it will not give their generation self-confidence.

There is a long way to go to reshape the nation's faith.

The belief of a nation comes not only from ism, ideology, or religion, but also from the recognition of history and the pride of today's culture.

Historical recognition, that is the obligation of educators.

The recognition of the cultural level requires the efforts of the entire social and cultural industry!

Confucius once said, "Therefore, if people from afar are not satisfied, they will cultivate Wende"! This sentence roughly means that if the enemy does not surrender, then use culture to inspire them.

Why, is the United States the world's number one immigration country? Hundreds of thousands of immigrants from all over the world rush to the United States every year?

In addition to the military, science and technology, and economic strength of the United States, more is the effect of the American film and television, games, and other related cultural industries, which have played a role in the use of "cultivating literature and morality"!

It can be seen that in the future, if China wants to rise to the forest of the world and become a real power, the premise is that it must become a cultural power!

In fact, the consumption of energy and resources in China's various industries is extremely low. Moreover, China has such a population, and the creativity of the cultural industry mainly comes from human imagination and creativity. As long as the imagination and creativity of the Chinese folk are fully released, the rise of the cultural industry is not a difficult thing!

(To be continued)