058 Value investing
"Nima, pretend again," the fat man muttered in a low voice again.
Ding Chuan glared back at the fat man indignantly.
Zhang Yuanyi looked at Ding Chuan's appearance, smiled and whispered, "You're right!" ”
"You still need to say it!" Ding Chuan was obviously unhappy.
Li Bai heard what Ding Chuan said just now, and was about to comment and then start talking, when he saw someone muttering in the audience, he couldn't help but feel his heart rushing, Nima, this is not Li Bai for Li Bai, right?
So he smiled faintly, took out a cigarette from the cigarette case, pointed at Zhang Yuanyi and said:
"This classmate ......"
"Well, I don't smoke, thank you," Zhang Yuanyi replied very politely.
Li Bai was really not calm in his heart, his hand shook and the cigarette almost didn't fall to the ground, Nima, I haven't finished talking yet, okay, is this cigarette to be smoked by labor and management? !
“…… If this student has any questions, I'll discuss them later, because time is limited, so let's not discuss them yet."
"Uh......" Zhang Yuanyi also blushed, thinking that he was going to give himself a cigarette, didn't he?
Li Bai lit the cigarette, spit out a smoke ring, glanced at the audience, and said:
"The student just talked about the founder of value investing, let's talk about it in detail......
Not to mention, it's really hanging, Li Bai said a few words, took a puff of cigarettes, said a few words, smoked cigarettes, and looked like a heavy lover of cigarettes!
Nima, you are trying to bring bad rhythm to the young people of the motherland, you know!
After five cigarettes, Li Bai finished his understanding of value investment! The content of the lecture was very fresh, and everyone enjoyed listening to it.
Zhang Yuanyi and the fat man are also convinced in their hearts, people can't be good-looking! This product looks like a pretense, but it really has goods in the stomach.
After Li Bai finished speaking, he raised his chin, looked at the audience, looked at the expressions of his classmates, and was comfortable in his heart, worshipping Uncle Qi!
Then he said, "Now we can start talking!" ”
After a while, Shen Lili stood up and asked, "You just talked about the value investment theory in stock market investment, may I ask, is there value investment in the current Chinese stock market?" ”
Zhang Yuanyi listened to Shen Lili's soft tone and thought, this question is good!
Li Bai looked at Shen Lili, smiled slightly, and said, "This classmate has a very good question!" As for the theory of value investment in the stock market, we have just taken the US stock market as an example to explain accordingly. Warren Buffett advocates value investing the most, and some of his value investment cases are also very classic. ”
Li Bai paused, picked up the teacup and took a sip of water, Nima finally stopped smoking.
Turning his gaze to the other students: "However, in China, at the current stage, the situation is different from that of the United States. Is there any value investment in China? Do any of you share your views on this female student's question? ”
After a while, seeing that no one else was talking, Ding Chuan stood up and said:
"Since the other students don't have much opinion or understanding on this issue, let me share my opinion."
As soon as Zhang Yuanyi heard this, he was not happy in his heart, "Damn, as long as you can, you can just say it, and belittle other classmates by the way, as for it?" Is it that fun to elevate yourself? ”
Li Bai looked at Ding Chuan, smiled, and said, "Okay, you can talk about it." ”
Ding Chuan cleared his throat and said, "I think there is value investment in our current Chinese stock market. There are also classic cases, such as Liu Shengyuan, a shareholder of Kewan. ”
Zhang Yuan listened to it one by one, and nodded secretly in his heart, "Well, this is counted."
The other classmates nodded one after another, and Wang Shuang stretched out his thumb to Ding Chuan.
Li Bai looked through his brown glasses and motioned for him to continue.
Ding Chuan continued: "At the end of December 1989, Kewan Company issued shares to the public, and Liu Shengyuan subscribed for 3.6 million shares with 4 million Hong Kong dollars. Later, with the issuance of shares, the allotment of shares, and the increase in holdings through the secondary market, the shares of Kewan he owned increased year by year. In 1993, it was 5,032,900 shares, in 1995 it was 7,670,000 shares, in 2004 it was 37,679,400 shares, and in 2006 it was 58,276,300 shares. In the first half of this year, Kewan carried out another share giveaway, and now its holdings have exceeded 60 million shares, and the market value has reached 2.5 billion yuan. ”
"Wow!" The students let out a cry of amazement.
Ding Chuan raised his voice one degree and continued: "Liu Shengyuan has bought the original shares of Kewan since he started his business, how many times will he make a profit now? The answer is more than 600 times! The increase in this investment has exceeded that of Warren Buffett. Warren Buffett's most impressive achievement is that he once held the Washington Post stock for 30 years, and the value of the stock increased by 128 times. ”
"So, Liu Shengyuan has created one of the biggest stock market myths."
"After Cowan went public, over the years, many investors, including institutional investors, could not withstand the ups and downs of the stock price and withdrew. But looking back, through Liu Shengyuan's case, I believe that long-term investment in high-quality companies is gold. This is the most typical case of value investing in China. ”
After Ding Chuan finished speaking, some students responded with warm applause, "Okay, well said." ”
Li Chengcheng sat in the first row. also turned around, gave Ding Chuan a thumbs up, and said with a smile: "That's a good point, China's Warren Buffett." ”
Being able to get the praise of the goddess in his heart, Ding Chuan smiled proudly, and glanced back at Zhang Yuanyi intentionally or unintentionally.
Li Bai also looked at Ding Chuan, the corners of his mouth were also upturned, and said: "Yes, this classmate used Liu Shengyuan as an example to illustrate the existence of value investment in China, which is indeed a classic case." ”
Then he took a sip of water from his teacup, put his hands on both sides of the podium again, raised his chin, glanced at the class, and asked, "Which other student would like to share their opinions?" ”
At this time, a classmate stood up and said: "Ding Chuan just said Liu Shengyuan's example, but there are very few cases like Liu Shengyuan in the current stock market investment in Shanghai and Shenzhen in our country, right?" Is it much? ”
"Not much, right?"
"Not a lot."
"There should be some."
……
The classmates began to discuss.
"What do you think of that classmate just now?" Li Bai pointed at Zhang Yuanyi with a cigarette again and asked.
Nima, this gesture is really awesome, Zhang Yuanyi's head is black.
The students looked at Zhang Yuanyi one after another.
Zhang Yuanyi stood up, thought for a while, and said, "I don't study much on this issue......
The fat man just raised his head and lowered it again, first brother, why don't you say something, look at Ding Chuan's eyes!
Ding Chuan heard Zhang Yuanyi say this, and his heart was a little refreshed, "Let's stop cooking, compared to me Ding Chuan, you are still a little worse!" ”
“…… Therefore, there may be some inaccuracies in my speech, and I also ask Consultant Li to criticize and correct ......" Zhang Yuan paused for a moment and continued.
"Advisor Lee? It's ......"
When everyone looked at Li Bai, they understood, they were talking about Li Bai.
"What?" Ding Chuan was just about to give Zhang Yuanyi a contemptuous glance, Nima, I haven't glanced at it yet, do you still have something to say? Why don't you talk too much, okay? You didn't study what you said? ”
"What do you say," Li Bai raised his chin again.
Zhang Yuan looked at Li Bai, and then looked at the classmates who turned around in the front row, and saw Ding Chuan looking up at himself with a side face, Zhang Yuan smiled at Ding Chuan, and shouted in a mosquito-like voice, 'Ding Chuanchuan'.
The surroundings fell down all of a sudden, and the fat man almost didn't fall under the table, Nima, the first brother was too ruthless.
"Ding Chuanchuan?" Hearing this title, Ding Chuan was completely bad.
“…… said so dirtyly", Ding Chuan was shouted by Zhang Yuanyi, why is this guy so cheap, this look, this smile, why is it so strange, the labor and management who look at it are hairy, and goosebumps stand all over his body, this guy can't be in love with me, right? We're not good people all the way, you have to have a position
Ding Chuan suddenly felt bad when he thought about it, and he couldn't wear such a sassy bag in the future.