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PS: Look at the exclusive story behind "Reborn Entertainment Ghost", listen to your more suggestions for the novel, pay attention to the starting point official account (add friends on WeChat - add official account - enter dd), and tell me quietly!

It was November 11, 1998 from the official registration of the partner company. Pen, fun, pavilion www. biquge。 info So far, the small partner company has been born for more than four years.

In the past four years of development, almost every year has seized major opportunities and achieved leapfrog growth in capital. To earn the first 10 million yuan, it takes a year for the partner company.

To earn the second 10 million yuan, it takes about half a year for the partner company. It only takes less than half a year to earn the third 10 million. Earn the nth 10 million yuan...... The little partner company already needs only - three days!

On average, you can earn more than 3 million yuan a day, and you can earn 10 million yuan in three days! Moreover, making money no longer requires Wang Qinian to take care of everything, it is too much work.

In the first year of the small partner company, Wang Qinian still needs to do it himself. Almost the vast majority of profits are made by Wang Qinian with everyone.

However, now Wang Qinian has let go and followed the company's established multiple correct routes, profitability and high growth have been very certain.

It is foreseeable that in the future, the speed at which the small partner company earns 10 million yuan will become more and more blocking. This is the huge driving force that the capital snowballs and causes.

However, Wang Qinian is not pursuing a partner company now...... It's about steady! Instead of taking all-or-nothing risks, diversify and diversify to reduce growth and returns in exchange for reduced risk.

The world is always so strange - people who get rich all at once, and earn several, ten, or hundredfold in a short period of time, rarely become the richest man in the world. Most of the world's super-rich have an average annualized rate of return of just over 20%.

Earn several times a year. A bunch of poor people, gamblers, wealth is like a roller coaster, up and down!

Those who earn 20% a year can become the top rich. This is actually because 20% is because of the ability to control risks. Stable and annualized income.

And many of them earn several times or ten times in a short period of time, and they often cannot be copied again and again. Even, if this short-term profiteering is taken as the norm, then it will often set the stage for later failure.

After all, it's common sense that the greater the risk, the greater the benefit. Often doing projects with large profits is like taking drugs, and people tend to ignore the risks of these huge projects.

The new annual meeting of the small partner company. Summing up the company's performance in 2003, even Wang Qinian had to sigh that the past year was a bumper harvest in the history of the small partner company.

"In the past year, we have probably made the most money - stock trading. Copied a big bottom of NetEase, and the stock price increased by 40 times in more than a year, and then, we cashed out NetEase shares and converted foreign exchange into RMB. Earned more than 400 million yuan. In addition, in the U.S. stock market, we hold 1 million shares of Apple and 350,000 shares of Flix. Why do I want to hold the shares of these two companies, except because I personally think that the business model of these two companies is great, and they will usher in an explosion in the future, and the return on equity may be no less than speculative NetEase. Other than that. It is my intention to observe and learn from the business models of Apple and Flix, and learn from their successful experience, which is also the logic of my speculation.

Maybe many people want to learn how to trade stocks from me, but ...... Let me tell you, Buffett's neighbors have quite a few people who are not wealthy. There are also some wealthy people who buy shares of Warren Buffett's company, but no one learns from him to speculate in stocks.

His son did not have a son to inherit his father's business and learn to speculate in stocks. Warren Buffett advises not to speculate on stocks to buy index funds. Because...... Warren Buffett now often underperforms the S&P 500, Dow Jones and other indices. In the 90s, people once ridiculed Buffett for his incompetence. It wasn't until the Nasdaq bubble burst that people once again regarded these bad old men as gods.

The stock market is risky, and you need to be cautious when entering the market. In the future, we will invest in stocks, but they will be long-term investments similar to Warren Buffett. The company we choose to invest in will be beneficial to the development of our company itself. For example, we can cooperate with them strategically, or we can become shareholders to better track and understand the dynamics of the other party, and we can learn from their company's strategy and follow the trend.

If employees want to speculate in stocks, then, I advise. Among the companies listed in the world, it is rare to find such high-growth stocks as small partner companies. In addition, your ability to develop high-growth stocks may not be better than mine. Hold the equity of the partner company, and you will have me, the Chinese Buffett, to take care of your wealth for free. Moreover, I, this Buffett, am more generous than the American Buffett. Since Warren Buffett's company went public, it has never been in the red, and it has created a miracle that the stock price has exceeded $100,000 per share.

And I, the partner company led by Warren Buffett in China, now pays dividends every year. Next year, it plans to pay quarterly dividends. This way, you don't need to reduce your stock holdings, you can be far less than a share of the company's growth, and you don't have to lose pocket money.

As for people who keep asking me about the secrets of my stock speculation.

All I can say is that I'm a value speculator – finding any stock in a company that has been undervalued, and then, waiting until it's expensive, sell it. Finding a company undervalued is first and foremost based on common sense. Just like Duan Yongping is constantly blowing again, the logic of his investment in NetEase is that NetEase had $2 in cash per share at that time, but the stock price fell below $1, even if it goes bankrupt and liquidates now, it can get huge returns.

Not to mention. NetEase has also come back from the dead, and the game project has brought profits. Duan Yongping saw that NetEase was cheap, and with the original Graham-style value investment concept, he found an undervalued 'cigarette butt stock' and bought it. The NetEase I see is not only cheap, but also has high growth, and because of the huge profits of the game, it will soon usher in a profitable point. It's not just the 'cigarette butt stock' that Graham picked. It is also the new generation of value investment standard that Buffett chooses with sustained performance growth.

I speculate on NetEase because we are peers, and peers should understand how much their peers' assets are worth. As for us selling NetEase again, it's very simple. His assets per share are ten times higher than the stock price, and no matter how good the company is, it will be sold even if it is expensive. Because. I am a peer of NetEase, and my growth is not slower than his. I sold NetEase's shares, which I used to invest, and conservatively estimated that it was several times more cost-effective than holding NetEase shares. ”

Wang Qinian's report made everyone at the scene very embarrassed. Mr. Wang's report to shareholders at the beginning of the board of directors talked about stocks. Is it a copycat parody of Warren Buffett's annual boardroom?

Of course, everyone was very excited to hear this.

After all, Wang Qinian speculated on the gains obtained by NetEase. In the end, it was all realized as a profit, which was reflected in the financial statements of the partner company.

"The second most profitable project is our online games. Last year, China's online game market ushered in a blowout, and our competitors Shengda, NetEase and other companies began to make money in the game market.

The four online games we operate, "The Great Sage", "Ethereal Journey", "Journey to the West" and "Rose Girl", have attracted 10 million active users, with an average of more than 1 million online players per day. These games contributed 1 billion yuan to us last year. and a profit of 500 million yuan. This profit is no less than the profit we have gained from stock speculation. Moreover, this is a sustainable, lucrative gold mine, unlike speculation, which is very volatile. ”

"In terms of films, we have participated in the production and distribution of films such as "Sea Tiger", "Infernal Affairs" trilogy, "Mobile Phone" and so on. The total box office exceeded 340 million yuan, compared with the domestic box office of 1 billion yuan. Our market share is more than 34%! ”

"The TV drama market has become our new bright spot. The TV series version of "Singing and Dancing Youth" and the TV series version of "Ethereal Journey" have been popular successively, contributing more than 100 million yuan in revenue and a net profit of more than 60 million yuan. Henceforth. We may invest more in TV dramas. ”

"In terms of books, we have published more than 600 works, more than 30 million books, and a total yardage of more than 500 million yuan. The net profit exceeded 35 million yuan. We are involved in the fields of movie peripherals, celebrity biographies and photos, novels, comics, social sciences, professional textbooks, etc. In terms of work distribution, in addition to cooperating with traditional bookstore distribution channels, we have also built our own online and offline book distribution channels. The cooperation with Little Prince e-commerce has allowed us to sell more than 2 million books online. In the camp of private booksellers, the partner company is currently the leading big brother. ”

"In the past year, we have begun to get involved in cinema chains and theaters, and the cinema chain has allowed us to have more resources in the film distribution market. Theaters, different from cinema lines, are mainly live dramas, stage plays, concerts, cross talk, sketches and other live performances. In the past year, we have invested 300 million yuan in 5 cinemas with 41 screens and 6,000 seats. Three theaters with more than 2,000 seats. At present, the performance of operating theaters and theaters continues to grow. ”

"In the music market, we have released 13 music albums with a total sales of more than 500,000 copies, about 30 million in revenue and less than 2 million yuan in profits. Of course, we don't care about profits, and the release of records can be used as a personal business card for our singers, which can make singers popular and make them stars. It is also our responsibility and mission for the singers who sign with us to improve their personal value or fulfill their dream of releasing records......"

"We have invested heavily in the Internet and technological innovation. Invested more than 1 billion yuan to consolidate our market share in instant messaging, online e-sports, online reading, online music, etc. These markets are currently in the investment period, and have not yet reached the period of reaping profits. However, I personally firmly believe that these investments will be exchanged for greater returns in the future, for example, TT voice communication software, with 50 million registered users in China and 5 million daily active users, second only to Tencent's QQ, I think if we can continue to consolidate this market, the benefits created in the future may be more than the sum of what we currently have! ”

"In the new year, we will continue to strengthen our existing business. In the game business, we have solved the problem of game production, and it is expected that more than 30 new games will be launched this year, taking into account both high-quality games and games of average standard, with diversified game types, styles, and plots. In the domestic market, the market share should be more than 50%. At the same time, with the Hong Kong branch as a pilot, the game will be gradually exported to overseas markets. ”

"In terms of the film market, we are aiming for more than 30% market share. At the same time, this year will continue to invest 100 million yuan in the expansion of the cinema line, covering the first-tier markets in Beijing, Shanghai, Guangzhou and Shenzhen, and the box office income of the small partner cinema, and this year's goal is to achieve 100 million yuan. ”

"In addition, we will take advantage of our capital to make strategic investments in our industry peers. For example, Huayi Brothers, we have invested 50 million yuan and invested 20% of the shares! In the future, if there is an opportunity, we will make equity investments in more companies related to our business, such as film and television, games, etc. ”

……

Looking back on the whole of 2003, the total assets owned by the small partner company reached 4.8 billion yuan. After removing 3.1 billion yuan of debt, the small partner company actually has assets of up to 1.7 billion yuan.

That is to say, in the past year, the small partner company has created a profit of 1.33 billion yuan through the company's main business profit and the company's investment. Compared with last year's profit, it has skyrocketed by nearly 6 times!

If we say, who was the most profitable company in China's Internet industry and entertainment industry in 2003?

It's definitely not BAT, after all, BAT is nothing at all at this time. The Internet giants that people pay attention to are first listed in the United States by portals such as Sina, NetEase, and Sohu.

Later, it was Shengda who relied on the popular game "Legend" to make money like a money printing machine. Later, the industry in which BAT is located really began to explode with a terrifying growth rate, and after achieving profitability, it began to become a giant in the Internet industry.

As for the entertainment industry, the current entertainment industry has only just started and has not been long in coming. The market size is not very large, the capital is on the sidelines, movies, TV series, music and other industries, market participants are not wealthy. Therefore, the small partner company relies on the profit transfusion of online games, and in the entertainment market, it is not worse than others.

Because, everyone else is poor in money, but the small partner company is not bad in money, so it's easy to be awesome!

What's more, Wang Qinian knows where to invest the money.

If you find the right outlet, even pigs can be blown into the sky.

Now, online games are a trend.

The future of film and television entertainment is also an outlet.

Even, the equity investment and real estate investment of small partner companies are an outlet.

Of course, not only those outlets, in fact, there are too many outlets, but the opportunities are big and small. The large tuyere can accommodate countless people to make money at the same time. Small venture capital may be the survival of the fittest, and few winners can make money.

The small partner company is carefully cared for by Wang Qinian, and it can be said that it has found one outlet after another. If it can't soar, it means that the team's execution is incorrigible.

Wang Qinian doesn't think that the partner company is a god-like team, but at least everyone is above the level. A good platform is naturally far from attracting talents to join, so so far he only needs to be responsible for finding outlets. If he wants to appoint himself with a nickname, Wang Qinian may appoint himself a "chief tuyere", focusing on seizing one outlet and opportunity after another. (A good event for pie in the sky, cool mobile phones are waiting for you!) Follow from ~ point / official account (WeChat add friends - add official account - enter dd), participate now! Everyone has a prize, now pay attention to the dd WeChat public account! (To be continued.) )

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