Chapter 213: Tulip Bubbles

On October 22, Li Hualong came to Singapore again, this time without his wife and concubine, and the main purpose of the trip was to participate in the groundbreaking ceremony of the Four Seasons Hotel in Singapore, which was attended by Singapore's Minister of Tourism and other officials. Come to Coke to read novels

This time, Lee stayed in Singapore for only two nights before he flew back to Hong Kong.

More than two months ago, Hong Kong's first undersea tunnel, the Hung Hom Cross Harbour Tunnel, was opened, which greatly improved the traffic between Hong Kong Island and Kowloon.

Back in Hong Kong, Li Hualong got off the plane, walked out of Kai Tak Airport, got into a car that had been waiting for a long time, and the bodyguards drove him home, without changing modes of transportation halfway, and could directly arrive at his home on Repulse Bay Road.

After getting in the car, Li Hualong did not look at the scenery outside the window, or chatted with the bodyguard, picked up the newspaper that the bodyguard had prepared for him a long time ago, and quietly flipped through it, he wanted to use the time of the car ride to understand what had happened in Hong Kong in the past few days.

Li Hualong scanned more than a dozen newspapers, and the car he was in arrived at his doorstep.

"Time flies!"

Li Hualong muttered to himself, with some smiles on his face, he had seen a lot of news in the newspapers that was beneficial to him, and the stocks he was reducing were rising in recent days, which meant that he would earn more from selling stocks to cash out.

After Li Hualong got out of the car, he saw his parents walking in the yard holding hands.

"Abba, Grandma," Li Hualong greeted with a smile, "Abba, you didn't go out to work today?" ”

"Rest at home today." Li Yisong smiled.

Li Song walked up to his son and asked with a smile, "Is the work going well?" ”

"It went well." Li Hualong said with a smile, "Actually, there is nothing special to go to Singapore this time, to participate in the ribbon-cutting ceremony of the Four Seasons Hotel, to meet with Singapore officials, to have a meal, to read a few documents, and to sign a few names." It's simple. ”

"Aaron, do you think it's easy to do business right now?" Li Yisong asked with a smile.

"Abba, I know what you mean, I'm not arrogant. Although I had a lot of success before. But I know that if I treat the business of my own company lightly, then I will definitely lose money, and I may even go from being the richest man in Hong Kong to having nothing like an avalanche. ”

Li Yisong was relieved: "It seems that your mind is very clear. ”

Li Song said in a deep voice: "Ah Long." I think you have enough money now, and sometimes, having more money is not necessarily a good thing, and you should spend more time on educating your children. As long as your children have the ability......"

"Don't talk about it." Li Yisong interrupted, "Ah Long has a spectrum in his heart. For more than 20 years, Aaron has almost made major mistakes in the business field, and there are very few small mistakes. As long as Ah Long doesn't do desperate things in the future, it is safer, even if he raises hundreds of children. It is not a problem to raise them for the rest of their lives. ”

"Hundreds of children?" Li Hualong smiled bitterly, "Abba, you dare to think too much." ”

"Let's take an analogy." Li Yisong smiled, "Ah Long, sometimes, I, as a father, envy you a little. ”

"What do you envy me?" Li Hualong asked, he felt that his father would not simply envy his ability to make money.

"I envy that your children are very sensible and smart." Li Yisong smiled, "As the old saying goes. Three-year-old sees big. Your children are all underage, and I have watched them grow up, and I believe that when they grow up, they will definitely have a future. ”

"When Aaron was little. Do you see that when he grows up, he is as promising as he is now? Li Song smiled.

"I knew he was going to grow up, but to be honest, I really didn't expect him to be where he is now." Li Yisong smiled, "Don't stand at the door, let's go inside." ”

More than a month after that. Li Hualong continued to reduce his holdings and cash out, and the shares of many companies were shorted by him.

One night in late November, after Li Hualong had dinner at home, he went into the study alone to be busy with work.

Two hours later, Yang Meng entered the study with a bowl of bird's nest.

"Aren't you done yet?" Yang Meng asked with a smile.

"It's almost over."

Li Hualong stood up, stretched his waist, took a bowl of bird's nest handed over by Yang Meng, picked up the spoon, put the bird's nest in his mouth, and ate it deliciously.

Yang Meng looked down at the desk and saw Li Hualong writing a lot of words on some white paper.

"What to write?" Yang Meng asked.

"Pick it up and take a look." Li Hualong said with a smile.

"Oh!" Yang Meng picked up a few pieces of paper with words written on them, looked at them a few times, and a happy smile flowed on his face, "The income from your investment in various stocks is written on these papers?" ”

"It's pretty much written." Li Hualong smiled and said, "It feels like a dream." ”

Yang Meng took a closer look and sighed: "The shares of the Global Shipping Group, you sold 410 million shares and cashed out more than 800 million Hong Kong dollars, which is really incredible. Did Pao, his family, and HSBC reduce their holdings as much as you did? ”

"Bao Yugang and his family sold almost 100 million shares, and as for HSBC, I don't know very well, the number of shares sold should not exceed 200 million shares."

"How much profit do you estimate the Global Shipping Group will be able to make this year?"

"It shouldn't be less than HK$300 million."

"Oh!" Yang Meng responded, looked at what Li Hualong wrote on the paper, and said with a smile, "It's incredible that you sold so many stocks and didn't let the Hong Kong stock market collapse." ”

"In the past six months, a lot of overseas funds have poured into the Hong Kong stock market, and with the stock market being good, many ordinary people have become shareholders and put their deposits in banks into the stock market." After eating the bird's nest, Li Hualong put the bowl on the table and continued, "Anyway, the stock market is a little crazy! ”

"If you sell the shares that you cashed out and after a year, the stock price has more than doubled, will you regret it?" Yang Meng asked with a smile.

"No, a year from now, you will admire your husband for my foresight."

"Yesterday, I read in the newspaper that HSBC's Taipan Sandas warned investors that the stock price has risen to an extremely unreasonable level, and investors should be cautious. Will this cause a sharp downturn in Hong Kong's stock market? ”

"Probably not." Li Hualong said lightly, "Now that the stock market is crazy, you don't know, many people have shouted such slogans, want stocks, not banknotes." ”

"These people don't really think that the stock price is going to keep rising. And it won't go down, right? Yang Meng couldn't understand the mentality of ordinary stockholders.

"Most people know that investing in the stock market is risky and that you need to be cautious when entering the market, but few people can be cautious and see the stock price rising. Even if they think that one day it will fall, they will be smart and think that if they buy the stock, someone will definitely buy it at a higher price, and they will have a chance to cash out and make a profit. ”

"Invest in buying stocks. It's like a game of drumming and passing flowers. ”

"If you buy stocks of stable companies with low price-earnings ratios, and intend to hold them for a long time, even if the stock market is not good and the stock price is depressed, the annual dividends will be good, and there will be no drumming and passing flowers."

"Hang Seng Bank is a stock worth holding for a long time, right?" Yang Meng asked with a smile.

"Hang Seng Bank's P/E ratio is a bit too high right now, if I'm not the absolute controlling shareholder. I've long since sold my shares to cash out. If you plan to hold shares for 10 years or more, you can still buy Hang Seng Bank shares now. ”

"Have you ever thought of following the example of HSBC's senior class and writing an article in a newspaper warning investors to be cautious about buying stocks?"

"If Sandash hadn't done it, I might have done it, and since he did, I wouldn't have picked up people's teeth."

"You don't do it because you want to save your face?"

"Meng, you have to be clear. People who invest in stocks are adults, as well as the trading floor of the Hong Kong Stock Exchange. The warning that 'investment is risky, and you need to be cautious when entering the market' hangs in a prominent position. ”

"I know. I feel that the current stock market, just like a casino, many people enter the stock market in the hope of making huge profits in the short term, and have a gambler's mentality. ”

"Have you ever heard of tulip bubbles?" Li Hualong asked.

"Nope." Yang Meng shook his head. Puzzled, "How can a tulip have a bubble?" Used to make wine? ”

"Mengmeng, you're so talented." Li Hualong laughed, "In a few days, I recommend you to read a book, and you will know what tulip bubbles are all about." ”

"Are you speculating on tulips like stocks?" Yang Meng asked.

"Yes." Li Hualong smiled and nodded.

"Is it a European country that sells tulips?" Yang Meng asked again, without waiting for Li Hualong to answer, and continued, "As far as I know, the Netherlands is the largest tulip-producing country in Europe, and it is the Dutch who speculate on tulips, right?" ”

"That's right. In the 17th century, the Netherlands was the world's largest and most powerful maritime power, known as the coachman of the sea, and the Dutch did not produce tulips in the mainland, as if it had been introduced to Western Europe from Turkey, and it was not long before the Western Europeans became fanatical about this plant. Wealthy people like to show off, and some wealthy people take pride in seriously injuring precious and rare tulips in their backyards, and over time, people no longer buy tulips for their intrinsic value or ornamental purposes, but with the expectation that their price will rise indefinitely and make a profit. ”

"Expecting someone to pay a higher price to buy the tulips in their hands, thinking about making a fortune, and when the price of tulips rises to a certain extent, no one is willing to pay a higher price increase, which has caused the collapse of tulip prices, right?

"Yes. This idea of always expecting someone to be willing to bid higher has long been known as the dumb theory of investing. ”

"The stock is okay, as long as the company can continue to grow and develop, there will always be a day to cash out. Tulips don't have much value except for ornamental value, the foam bursts, a big balloon, and only a few drops of water remain. ”

"The Dutch are not without benefits for future generations, the Netherlands is the country with the largest tulip production in the world, and the export business of tulips in this country is very large."

"Is that your point of view?" Yang Meng asked with a smile.

"yes. After reading an article about tulip bubbles, I looked into tulip cultivation in the Netherlands and found it interesting. ”

Li Hualong opened his hands, hugged Yang Meng's waist, kissed her on the lips with a smile, and asked, "You're not ready to sleep, and you're going to let me talk to you in the study for a night?" ”

"It's me chatting with you, not you chatting with me!" Yang Meng said angrily.

"It's all the same."

Li Hualong kissed his wife's lips again, this time it was a hot kiss, a long kiss.

After kissing, Yang Meng smiled and said, "It's not early, let's go upstairs to sleep." ”

Li Hualong smiled evilly: "If you don't go to bed, you can do it in the study, it's not that we haven't tried." ”

"You can't be serious!" Yang Meng said angrily.

"Why am I not serious?" Li Hualong smiled, "Red sleeves add fragrance, it won't be like this soon." ”

More than half an hour later, Li Hualong walked out of the study with Yang Meng, who was flushed, and their clothes were a little messy. (To be continued.) )xh118