Entering the Minghao Fund Investment Office is not something that Yi Yang should brag about, for him, it is like junior high school to high school, and it is a reason to do his best to go to Hanning City to study.

It's just a different learning environment. For his current stage and major, compared to high school, there is always a score, a quantifiable goal hanging there, and learning is no longer a thing similar to upgrading exercises.

But for others, the incident always turns out to be quite an interesting anecdote. Yi Yang just finished the interview, and was interviewed by a financial media, of course, this kind of interview is not a particularly big media, probably just the level of the Donghai Financial Channel, which has a Donghai Financial Magazine.

Anyone likes to listen to the story of the legend full of twists, and later Yi Yang bought a magazine that sold badly, just to look at his interview, and found that the content of it had basically misinterpreted the reason why he passed the interview.

The title is, "Ordinary students of Tunghai University stand out among the top students in Qingbei and enter the Minghao Fund, just because his answer is

"I don't know". Yi Yang flipped through the pages rather speechlessly, and stuffed the magazine into the trash. The scene of Tunghai University is still the same.

A few days later, Yi Yang bought some small gifts to visit Kangxin, of course, it was not a particularly expensive gift, but it was just a pastry for his future father-in-law that he bought last time, but it took nearly an hour and a half to drive back and forth by taxi, which was considered intentional.

Kang Xin was also a little surprised that Yi Yang really entered the Minghao Fund...... Although he recommended him for an interview, he was still surprised.

In the quiet lotus pond in the afternoon, the breeze is breezy and the branches of the trees on the bank of the river are shaking, and the weather is already a little cooler.

"I was very surprised." Kang Xin looked at the lotus pond, holding the pastry sent by Yi Yang in his hand, picked it up and smiled: "This Huanxi should like to eat it very much, and when the time comes, tell her that you sent it, and she should be even happier." ”

"Ha ......"

"By the way, I noticed that there are a lot of bicycles in the school, is it the shared bicycle you talked about last time?" Yi Yang was slightly stunned and nodded.

Ma Wenwu is a very active person, and the plan planned before has been implemented, and it is still within Tunghai University, which is a pilot.

As a top investor, Kangxin's vision can see things far beyond this era. Walking to a public leisure chair and sitting down, Kang Xin looked at the lake and said, "I didn't pay special attention to this project before, but recently you got it out, and I actually experienced it...... Oh yes, I'm not qualified to ride yet, with someone else's account...... Hehe, because the frequency of ordering takeout is too low and there is not enough reputation points. Yi Yang was slightly stunned and couldn't help but smile.

"Well, I also observed the use of many people, and listened to the use of some classmates, and then seriously thought about your project......" He glanced at Yi Yang,

"Would you like to hear what I think?" Yi Yang nodded hurriedly.

"Well, this project is bold and even has the potential to change some industries." Yi Yang was naturally not surprised, after all, he had witnessed something with his own eyes.

"But there are a couple of risks." After a pause, Kang Xin continued.

"Hmm."

"First of all, the first one, this project has a lot of prospects, the market is huge, and now it's only on campus, but I think it's entirely possible to promote it to society...... In fact, this is what other investors can see. Kang Xin looked at Yi Yang: "So, this project is probably easy to get financing." Yi Yang listened patiently.

"But it is precisely because of this that it is easy to enter a state of wild growth, and if it does not keep up in terms of management, it will create a lot of problems."

"The maintenance of bicycles, some people with a very low level of morality in society steal is not impossible, and it is not impossible to park according to the rules...... I thought about a few questions casually, but the hidden dangers are far more than that. ”

"Second, this project is too simple, there are no technical barriers, and it is a project that can be replicated by almost any Internet company with funds, so I think that when your project really starts to enter the financing stage, it will not be long before you will meet many, many opponents." Yi Yang nodded and said, "Yes, but I think it's a good thing." ”

"A good thing?" Kang Xin's eyebrows raised slightly.

"Well, when there are more competitors, this is a completely new field, a blank field in the market, in order to seize the market, major capitals will rush to burn money to subsidize it......" Yi Yang showed a very clear smile: "If ordinary people go out, there are many choices, life will be much more convenient, and more importantly, it will be very cheap, one of the few opportunities to get the wool of capitalists." Kang Xin was stunned, and then laughed dumbly.

For a while, he didn't know if Yi Yang really thought so, or if he was joking. He looked out over the lake.

Well...... After being an investor for a long time, sometimes I forget to look at the problem from the perspective of ordinary people.

After a while, Kang Xin shook his head: "Capital is not for charity, the investment in the early stage will be doubled in the future, and ordinary people will have to pay for it when the time comes." Yi Yang nodded, looking at the lake,

"It's just that a lot of capital that blindly enters the game will die a lot and eventually become nutrients for others." Kang Xin glanced at Yi Yang with interest and smiled: "It sounds like you don't seem to care much about this project?" Yi Yang's eyes moved, and he shook his head with a smile: "How could it be......" Kang Xin's expression became serious, looked at the lake, and said: "Yi Yang, you are a good young man, I appreciate you very much, especially if you can pass Swenson's interview, which makes me appreciate you even more, I will not be stingy with your affirmation, but the better you are, there is a sentence I want to tell you seriously." Yi Yang's expression suddenly froze.

The lake breeze blew his hair, Kang Xin's somewhat thin face looked slightly dark, and his calm and wise eyes looked deep.

"The phrase is, be a person with a conscience, not serve to make money." Kang Xin patted Yi Yang's shoulder.

"This is also the core spirit of Minghao Fund, whether it is to make money or to achieve a certain social ideal, the balance between must be grasped." Yi Yang was stunned for a moment, and then nodded seriously.

On the way back, Kang Xin casually asked: "By the way, Yiyang, if your project Tencent and Ali come to acquire at the same time, who are you more inclined to sell to?" Yi Yang didn't think about it and said, "Of course it's Ali." ”

"Why?" Kang Xin was a little surprised.

"Because...... Reputation! Yi Yang didn't hesitate: "One of the difficulties in the implementation of the bike-sharing project is that in order to ensure that users do not deliberately damage the bike, then they must pledge something. ”

"I think at least some companies will try to pledge in the form of deposits."

"This creates a risk...... When the company has a high amount of capital pool, it is difficult to maintain the original intention. Yi Yang sighed and said, "Mr. Kang, I won't tell you, I have a lot of debts, and I made a little money a while ago, and my first thought at that time was to find a way to use the money I earned to continue to make money, and then I gritted my teeth and chose to take the initiative to pay off the debt." ”

"From the perspective of a company, the user's deposit is a liability, and when the debt is tens of millions or even hundreds of millions, so much cash, the company will definitely want to do something else...... "Kang Xin nodded: "This is a very simple business logic. ”

"But what if you lose it? Can't pay the user's deposit? Kang Xin didn't speak. Yi Yang said: "So to answer your question just now, why do I prefer Ali, because Ali has its own credit system, and their pledge can rely on the credit system to achieve, without a deposit, it is not only more user-friendly, but also a shackle for enterprises, but it is also a kind of protection, no money will not be messed around, haha...... I don't know if it's right to think so. Kang Xin was stunned for a long time, not only surprised by the depth and distance of Yi Yang's view of the problem, but also the angle from which he thought about the problem...... It's a novelty indeed.

In the end, Yi Yang smiled: "If a product or enterprise wants to change people's lifestyle, the first thing is to live. ”

"yes...... Alive. Kang Xin smiled, left with the gift from Yi Yang, and said, "I won't invite you to the house this time, I have a few friends." ”

"Hmm." Yi Yang stopped. Kang Xin turned around and said again.

"Don't forget your original intention." ----------------- Minghao Fund practices what Kang Xin said

"The balance between making money or realizing a certain social ideal must be grasped." The most obvious feature of the concept is that their investment does not deliberately pursue the so-called outlet, they practice long-term investment, not only the theory of value, which may make them miss some outlets, but when some market financial risks come, they can always stand still.

And the formation of this philosophy comes from their corporate culture. As an intern, Yi Yang's extracurricular life was completely occupied by the work of Minghao Fund for a long time in the future.

Of course, he enjoyed it. His job is to help a senior sort out the material, and in the process, he always draws on unexpected nutrients.

After a long time, Yiyang can gradually summarize some characteristics of Minghao Fund. Here, everyone maintains an absolute rational thinking, and always maintains a forward-looking insight into the financial market, and this insight comes from everyone's comprehension of market laws, mastery of modern financial theories and summary of practical exploration.

They don't care about seniority and even dare to use investment managers who are just starting out in their careers. Even for Yi Yang, this is a precious internship experience.

Knowledge is like a ladder that allows you to look at things from a higher perspective. The experience of rebirth in the past can allow him to see some things, but as he learns deeper, he will find that it is only one aspect that ordinary people can see, just like a blind man touching an elephant and not getting the whole picture.

The knowledge he learned at Tunghai University, especially at Minghao Fund, in just a few months has deepened his understanding of people, business, environment and organization, as well as his understanding of value investing.

Some of the things I saw in my previous life, looking back now, seem to have been deconstructed in front of my eyes, and they are clearly visible.

That's what learning is all about. With the same situation, you can see more than everyone else. And the meaning of high-end college interns like them is not just to mess with others in the office.

Along with Yi Yang, there are two top students from Guanghua School of Management. After the accumulation of most of the semester, and before the winter break, it is time to show their true talents.

Before the meeting, Yi Yang was not in a good mood. Because the day before, my sister expressed a little vaguely in the video call that she hoped to travel together during the winter vacation.

It's a trip, not a vacation. She wants to change her perspective and go to the great rivers and mountains of the motherland to take a walk and see people in different places.

Yi Yang was distressed by this. Because of the winter vacation, it is the time to really show your skills after entering the Minghao Fund.

Each of the three interns will be assigned to do a research project independently. To complete this research, then naturally there is no way to fulfill my sister's wish.

Of course, Jiang Lili's mind naturally won't mind, but when she thinks about it, as a boyfriend, she is always tolerating herself more often.

Although the girl and herself always define her by her sister, and she is even more happy with it, she can't really take it for granted because of this.

Love is mutual. After some reflection, I realized that I had done too little for my sister. The more I thought about this, the more depressed I became.

With this in mind, I entered the conference room. The senior who took them was a returnee doctor, with some so-called pheasants

"Returnee" is different, he is a serious doctor from an Ivy League school, and there is a soup word in his name, so everyone simply calls him Brother Tom.

Brother Tom got straight to the point: "I'll just say it bluntly, you have been in our Minghao Fund for a while, and you also know our style here." ”

"We have a special investment research center and a decision-making center, and all research decisions need a large amount of research data as a basis."

"We spend more on research each year than many similar capital companies spend on business dinners." Everyone listened very carefully, and their eyes revealed a sense of excitement in their eyes.

After a pause, Tom smiled: "During the time you entered Minghao Fund, you have all proved your rigorous rational thinking, I am very gratified, you all have the possibility of being one step closer to our company." ”

"Minghao Fund is willing to give newcomers the opportunity to emerge regardless of temporary gains and losses. At the moment, the Strategic Research Department has three research topics for future market trends. ”

"The first one is new energy vehicles."

"The second is logistics."

"The third is tourism resources." Tom said: "Next, you should think about it and expect to choose which research direction, um...... Ten minutes, ten minutes later, I want to hear your thoughts. ”

"Then, based on your ideas, I will determine the final direction of each person's research."

"Next, you need to submit a research plan to me in three days, and if it is approved, within my authority, I will arrange research funding for you." After a pause, Tom emphasized seriously: "As long as it is reasonable, even if the funds exceed my authority, it is not impossible!" Of course, the audit department's review of the plan is very demanding. After listening to the three directions, Yi Yang was obviously stunned, and then looked at the other two interns, noticing that their gazes were a little subtle.