Chapter 333: The Advantage of Information Asymmetry

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Predict the future in advance, and you can be rich!

Throughout the ages, businessmen were the first to realize the opportunity to make a fortune brought by the advantages of information asymmetry!

Politicians, generals, businessmen...... Many successful people have succeeded in the advantageous environment of information asymmetry! When we no longer have the advantage of information asymmetry, we can only keep it, and it is difficult to make achievements. Pen? Interesting? Pavilion wWw. biquge。 info

Today, people worship the advantage of information asymmetry to the point of superstition! In particular, in the financial speculation market, people worship the advantage of information asymmetry and always want to obtain mysterious information that others do not know. At the same time, it is easier for people to ignore the part of the information advantage they have!

Peter Lynch once believed that retail investors (amateur investors) should theoretically be better at investing than professional investors, as long as they used their information strengths.

- "When it comes to investing in stocks, retail investors definitely have an incredible advantage. Some retail investors work in the chemical industry, while others work in the paper industry. They will be informed of the changes in the chemical industry nine months ahead of me. They were the first to know that there was a shortage of chlorine. They can be the first to know that corrosives are out of stock. They know when their inventory is sold. But instead they went to buy bioengineering stocks. They also know that it will take five to six years to build a chlorine plant. In the United States today, it is difficult to get environmental approval for a bowling alley, let alone a corrosive chlorine plant. People have access to a lot of information about the industry they are in. ”

Peter Lynch, the most well-known investor on Wall Street at that time, has pointed it out. Actually, everyone is a professional, but unfortunately, when it comes to the stock market, most of them fail to take advantage of themselves.

Merely. Being able to transform what you know into an information asymmetric advantage is often not something that ordinary people can do. Because the vast majority of people simply don't know what information they have, which is precious, and which is useless or even harmful. Some valuable information advantages. It can be overlooked and considered useless, which is the main reason why many people fail.

Know yourself and know your opponent in a hundred battles!

In the art of war, it is exactly what the vast majority of people cannot do!

And Wang Qinian's investment so far is within his own circle of ability. In addition to the factor of rebirth, there is also the fact that the object of investment is the competitor of your own company. Through your own company's research on the industry and tracking research on competitors, it is completely fundamental and easier to succeed.

The reason why the stock of Shengda is harvested now is that it is safe. Because. Wang Qinian is based on a very simple common sense - if he uses this money to operate an online game, the return he gets is far more than holding Shengda stocks, and it is precisely because of this that he naturally cashes out!

After cashing out the shares of Shengda Company, the business of the partner company does not need to use this fund for the time being, in order to maintain and increase its value. Wang Qinian used the funds to speculate on value again.

"Test you a question if. Determine that the stock market will rise sharply in the next three years, what kind of target is more appropriate? Wang Qinian smiled.

"Brokers, venture capital (venture capital) and other industries, if you want to win money in a casino, it is better to open a casino! When business is booming, no matter how much money someone else wins, the casino will also earn more rake! Zhang Wei said without thinking. Though. Zhang Wei is not a professional in the financial industry, but he has also developed a certain degree of professionalism in the past few years.

"Yes, the bulls and bears in the stock market are like the changes of spring, summer, autumn and winter throughout the year. Actually, this is a normal rule. Stocks related to the stock market bull and bear, brokerage and venture capital concepts, bear market because few companies can be listed, and the trading volume is relatively small, so the performance is naturally sluggish! In a bull market, on the other hand, a large number of new companies go public and investors are keen to trade, so these companies act like brokers in gambling houses, making large sums of commissions and intermediary fees. Wang Qinian said with a smile, "However, there are so many brokerages and venture capital companies, and everyone also has fierce competition!" So, invest in casinos that are bigger than these casinos, casinos that make money from these casinos! ”

"Investing directly in an exchange?" Zhang Wei was stunned for a moment, and quickly said, "You mean the Hong Kong Stock Exchange?" ”

"Yes, the Hong Kong Stock Exchange not only provides services to other listed companies, securities finance companies and many investors, but it is also listed itself." Wang Qinian said with a smile, "Investing in a counter in the casino is better than investing in the casino itself!" ”

Securities companies are like casinos that take a margin and earn commissions. Venture capital companies invest in some potential companies, and sell stocks for arbitrage after these companies are listed, which is equivalent to selling gambling equipment to casinos.

Then, the major exchanges are the real big casinos, or casinos!

For example, Macau's biggest advantage is the casino, where many casinos and hotels are competing, but no matter which casino is gambling, it is always gambling in Macau, and the tax department can always extract the tax of major casinos and hotels.

The Hong Kong Stock Exchange (HKEX) is responsible for the trading of stocks, funds, bonds and various securities in Hong Kong.

Regardless of which securities company the client opens an account to trade, the exchange can make money from the client's trades.

Securities companies compete with each other for customers. Exchanges can often sit firmly on the Diaoyutai!

The vast majority of exchanges around the world are not publicly listed!

The exception is the Hong Kong Stock Exchange, which is also listed on the main board of the Hong Kong Stock Exchange. And, in addition to expenses such as operating costs and service and technology upgrades, the vast majority of the profits earned each year are distributed to shareholders.

After the collapse of the NASDAQ bubble, the whole world was affected, and many listed companies related to the stock market had poor performance and were disliked by investors. The Hong Kong Stock Exchange is the same thing. The stock market in 04 was not as hot as the next three years, so the stock price of the Hong Kong Stock Exchange itself was still very undervalued.

In December 2004, the small partner value investment company exchanged more than 41 million US dollars of cash into 32.3 billion Hong Kong dollars.

Next, buy the shares of the special listed company "Hong Kong Stock Exchange" and buy 21.54 million shares of the Hong Kong Stock Exchange at a cost of about 15 Hong Kong dollars per share.

Compared with the total share capital of the Hong Kong Stock Exchange of 118.2 billion shares, it only accounts for about 182% of the shares, and it is basically impossible to have any right to speak.

Of course, this is also normal, although the Hong Kong Stock Exchange regularly dividends, but the government has regulations, non-licensed, individual and corporate investors, can hold up to 5% of the equity, to avoid being controlled by some capital malicious control.

Therefore, it is impossible to buy the Hong Kong Stock Exchange just by having money. After all, there is still a government on the Hong Kong Stock Exchange that is making rules.

This is also a normal phenomenon, and the real core economic lifeblood of Hong Kong is finance. And the importance of the Hong Kong Stock Exchange, even more so than that of a big bank like HSBC, naturally it is impossible to tolerate this particular company being controlled by well-capitalized barbarians.

A series of investments are vigorous and resolute, and the efficiency is much simpler than investing in a company in the real economy.

To buy the tradable shares of a listed company in the securities market, you only need to type the keyboard on the computer and enter the number you want to buy, and as long as there are goods in the market, you can quickly become a shareholder of any listed company.

In addition to the troublesome acquisition and the need to persuade a large number of shareholders with a large number of shares to transfer their shares to themselves, it is a very convenient thing to speculate or want to invest in the company for a long time to share in the company's growth and receive dividends.

And in any financial market, there are many great companies and junk companies. Whether or not you can make money always requires the wisdom and luck of investors.

Making money is sometimes an ingredient of wisdom, and there are also a lot of luck......

Although Wang Qinian has always been modest and said that all his money is luck, he has always been rolled his eyes and regarded as being overmodest, that is, pretending to be forced.

Almost everyone who knows Wang Qinian's speculative experience regards him as a figure on the same level as Warren Buffett.

Well, to some extent, Wang Qinian is even more powerful than Warren Buffett.

In other words, during the time when he could foresee the future, there was no second speculator on earth who could be better than him!

However, this advantage will only last for a decade...... (To be continued......)

Chapter 333 Information Asymmetry Advantages:

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