Chapter XVIII: Persuasion

"Anyway, hand in this analysis report first, and then find another way if it doesn't work!" Lin Shi said lightly.

"Huh...... Are you experimenting with us like guinea pigs? Wasting our time? Du Wenjian listened to Lin Shi's words and said with disdain.

"Write...... And roll between making a choice. Lin Shi looked at Du Wenjian with straight eyes and said coldly. Du Wenjian provoked him again and again, really when he was the master with no temper? The clay figurines are also three points of fire!

After Du Wenjian listened to Lin Shi's words, his face was bruised, and he saw that the conflict was about to break out........

"Why don't you go to Manager Xu's office and ask?" Lu Yindong immediately changed the topic.

"Yes!" After Lin Shi answered Lu Yindong's words, he glanced at Du Wenjian coldly, and then walked into Xu Mu's office.

Du Wenjian looked at Lin Shi's back, and his eyes flashed with resentment that was even stronger than before......

Office of the Manager of the Analytical Department.

Xu Mu was looking at the market to study today's technical trend, and when he saw Lin Shi walking in, he immediately looked at him and asked with a smile: "What kind of wind blew this analysis geek here?" ”

"Manager Xu, don't praise me, I'm not as powerful as you say, otherwise even a small analyst would often bump into me in language" Lin Shi said helplessly.

After coming to the analysis department, he did find that interpersonal relationships have become much more complicated, unlike when he was in the analysis department before, he only needed to make phone calls, and he didn't have to feel the "pressure" of interpersonal relationships. ”

"Tell me, what's the matter?" Xu Mu took a sip of tea, and then asked.

"So, I heard from the people in the analysis department that the people in the trading department don't like to read fundamental analysis reports very much, but are obsessed with some meaningless chart candlesticks?" Lin Shi asked suspiciously.

"This thing...... Xu Mu paused, and then continued: "That's right, they are indeed obsessed with technical charts, what's the matter?" Incomprehensible to you? ”

"That's true, after I joined the analysis department, I asked them to stop writing reports on technical analysis, and asked them to change all of them to write reports on corporate fundamental analysis......" Lin Shi said cautiously while looking at Xu Mu.

"Hahaha!? What do you say?" Xu Mu seemed to have heard something particularly incredible.

"Is there anything wrong with that?" Lin Shi said suspiciously, he believes that only the fundamentals of the company can determine the future rise and fall of stocks.

"Sure enough, it's young and frivolous, and the newborn calf is not afraid of tigers, so I don't blame you...... It's true! Xu Mu said to Lin Shi with emotion.

"Huh?" Lin Shi was puzzled, I don't know what Xu Mu meant by this?

"Listen to me first, I very much agree with and appreciate that you have made them all change to a report of fundamental analysis, but ......

You can't ignore the environmental factors, it's true that people live to change the environment, but you must first adapt to the environment and then make certain changes..."Xu Mu said slowly.

"Please advise ......," Lin Shi said.

"I don't dare to give advice, but I think that a stock looks at supply and demand in the short term, and fundamentals in the long term, and ......

The reason why people in the trading department are obsessed with short-term trading is not because they are meant to be, but because the customers force them! Xu Mu said with a serious face.

"Forced by a customer?" Lin Shi said curiously.

"That's right! It's forced by customers, you haven't experienced the most greedy time of human nature, so you don't know much, in 1998 and 2001, in addition to the Asian financial crisis and the Hong Kong stock market crash, there was also an Internet bubble, do you know how much a stock that was related to the Internet at that time could rise when it was just listed? An increase of at least 200% to 1500%!

At that time, people didn't care if the company was profitable or not, and they didn't even care if it was a real Internet company or not! But as long as they buy, and it goes up and makes money, the result? Many stocks crashed and fell 99 percent in one day, and then were forced to delist, can you experience the feeling of millions of dollars and tens of millions of dollars of wealth turned into waste paper?

I say all this, I don't mean anything else, I just want to tell you that capital chases profits, not to mention these stockholders who are idle all day long and delusional about getting rich overnight in the stock market. Xu Mu said with a serious face, as an old man in the stock market who has experienced at least 6-7 bull markets and stock market alternations, he is deeply in awe of the market in his heart.

"What do you mean...... Does the client require the trading department or the fund manager to keep doing short-term trading? Lin Shi thought for a moment and then replied.

"Not exactly, after investors buy a fund or stock, they immediately think about the stock limit the next day, if there is no rise or fall for a period of time, they will change to a fund or stock, which will make fund managers keep increasing or reducing stocks, and this method not only sacrifices long-term potential profits, but also is difficult to obtain considerable profit growth."

"In the long run...... The financial world has become like this, fund managers are not helping clients make money, at least ...... Most of them aren't, maybe they think they are......"

But ...... No matter whether the customer makes money or loses money, fund management fees must be charged, and fund management companies make money anyway, even if they lose, they also lose the money of shareholders. ”

And some smart fund managers will use funds to pull one or several small-cap stocks, only a few million or tens of millions can pull one or several price limits, and then, the fund manager took the salary and bonuses and left, leaving the company messy ......in the wind," Xu Mu patiently explained to Lin Shi.

"In their eyes, the weight of technical analysis is still more important than fundamental analysis....... Lin Shi couldn't help but sigh after listening to Xu Mu's words.

"We analyze what investors want to hear and learn, because this is how they can believe us, and we write reports on technical analysis because they want to see such analysis reports" Xu Mu took another sip of tea, and then said slowly.

"So it doesn't matter what you analyze, does it? As long as you can make money and reflect your value..."Lin Shi was suddenly a little disappointed, which was completely different from his previous imagination of the financial circle.

"That's right, as long as you can make money, no one cares even if you leak inside information......"

"You don't have to be sad, the more money people have in the stock market, the better they can make money, assuming you have 100 million, a point in the stock market is 1 million, how many years do ordinary people have to work? 20 years? 30 years? And those of us who do analysis are all for trading. Xu Mu opened his mouth to comfort Lin Shidao.

(If there is no problem, this book should be signed)