112 Hand-to-hand combat

The arrival of this Yusheng investment company is not only a gallop, but also a thunderbolt.

According to Ankang and Wu Mo's understanding, Yusheng Investment did not snipe at other investment companies. They have only one goal, and that is Comes Investments, and they are almost pressing on it.

An Kang and Wu Mo learned about Gong Yu's background.

Although his father was a successful entrepreneur, and although Gong Yu studied finance in the United States, he was only a novice in the investment world after all. However, the ruthlessness, stability, and accuracy he showed in actual operation greatly surprised Ankang. This is not at all the modus operandi of a junior who has just debuted in the investment world.

Although investment is a highly theoretical behavior, the effect of investment requires extremely high practical requirements. Practice goes far beyond theory.

Using the examples of stocks and futures, it is easy to see the difference between theory and practice. If we use fundamental analysis such as business analysis and financial analysis, as well as technical analysis such as volatility theory and Gann theory, we can conclude that a company is worth investing in. And after the actual investment, it is very likely to cause a huge loss.

Even long-term holding according to the methods used by Warren Buffett often leads to unfavorable results.

It is easier to explain it at a glance by futures. The investment period of futures is shorter than that of stocks, and compared with stocks, there are two major advantages, one is that you can use leverage, and the other is that you can operate in both directions. Whether you have studied futures theory or read books that combine theory and practice, it is very likely to cause huge losses in a market fluctuation in practice.

As a futures, the principal suffers a loss, which is still worth celebrating. Even if the replenishment after the position is only one minute late, maybe the "money scene" in this life will be all taken in.

The phenomenon of a huge gap between theory and practice is amply illustrated by another example. A sophisticated investor wants to understand the difference between manual trading and automated trading. So he designed an automated trading system according to his own trading logic. This is the beginning of the PK between humans and artificial intelligence. The end result is that man can hardly defeat the machine.

This can also be seen from the PK of the fund and the Dow Jones index, some people have statistics, the vast majority of funds in the market can not outperform the relatively objective Dow Jones index.

Why is that? In addition to the difference between practice and theory, it is also the human factor that influences judgment. The timing of the replenishment should be made immediately, and the time to clear the position is hesitant.

In the process of practice, people often suspect that the theory is not perfect because of temporary gains and losses, so they revise the theory. And such a revision is precisely contrary to some of the principles in the theory. This is also the reason why more and more high-frequency traders are adopting automated trading.

It is precisely because of this that "Knowyourself" and "Defeat Yourself" have become the eternal investment bible.

Although investment in the primary market is not as risky as the secondary market such as stocks and the derivatives market such as futures, it is easier to fall into the quagmire. Because the information in the primary market is more asymmetrical, the judgment of the primary market is more likely to be misled.

Therefore, Ankang believes that perhaps Gong Yu of Yusheng Investment Company is an excellent student of finance, but his theoretical knowledge and short investment experience absolutely cannot support his operation method for Kangmosi Investment. This kind of technique cannot be possessed without 10 or 8 years of experience in the market, especially in China's investment market.

This feeling comes from the fact that Ankang has stumbled in several recent projects.

These projects are all related to Yusheng Investment, or conversely, the investment projects that Yusheng Investment participates in are all projects that Commosi is doing.

Ankang and Wu Mo didn't know how Yusheng learned about the company's investment project, and which link leaked the information.

It's like two players playing against each other, no matter how you move, your opponent always plays the same number of moves as you. When you're ready to dig a hole for your opponent, your opponent can avoid it perfectly and place a tripwire in a corner you've overlooked.

This kind of hand-to-hand combat is very uncomfortable, but it can't get rid of it.

"What are we going to do next?" Wu Mo asked An Kang.

Although Wu Mo is a delicate female man who dares to fight, she has to lose in terms of strategy. Otherwise, it would not have been repeatedly constrained by Ankang in the previous Beta investment company.

In Wu Mo's view, Ankang is a shameless person who does not pay attention to the rules. But Ankang thought that this was a conspiracy between the two armies, otherwise Sun Wu would not have to write anything.

"It's still the same sentence, the soldiers will block, and the water will cover it." An Kang replied, "The other party's strategy is actually very clear. What we do, what they do. In other words, they treat us as free account managers, investment analysts, accountants, and lawyers. After we had done all the work in the early stage of the investment, they suddenly stepped in and started directly from the equity transfer agreement. Right? ”

"Not exactly. They're shooting at us from behind. ”

That's what I'm going to say next. If they want to shoot at us, they need to have the conditions to shoot. If we don't act, his gun will lose its purpose. Are you right? ”

Wu Mo thought for a while and asked, "I didn't understand." ”

An Kang leaned down and looked into Wu Mo's eyes and said, "Soldiers are not tired of cheating. ”

"Are you referring to us providing false information, or that we are taking false actions to fool him?"

"Quite the opposite. All of what we provide is true information, and all of what we take is real action. ”

Wu Mo's mouth pouted: "What kind of soldier is not tired of cheating?" ”

Ankang smiled mysteriously: "Our company has two major missions, do you remember?" ”

"Self-growth, customer growth."

"Yes. That's why you and I came out of Bristal Ventures. At that time, we just saw that Bristal Tower only paid attention to its own interests, only paid attention to the interests of shareholders, and only paid attention to self-growth, but not related to customer growth. Of course, things like 'care about customers' and 'customers are God' are said every day, but they are not implemented. And we are different, you and I at least have a certain conscience. We do open a company to make money, we are not a charity after all, but we can help our customers while making money, and that's what we're all about. ”

Wu Mo smiled: "I understand what you mean." ”