Lao Pan and Han Lie had a great time drinking.

Han Lie is not a real teenager, he is mature and sensible enough, and can play supporting roles and accompany guests very well.

Gradually, Lao Pan stopped paying attention to his leaky daughter and began to express his feelings about leek.

"Xiao Han, you said that I am not bad at making money, but why do I lose money when I trade in stocks?"

"Shall I help you analyze it?"

"Okay, okay! Analyze it for me!"

"Then let's go step by step. What is the core logic behind your optimism about a certain stock?"

"Of course it's performance!"

As soon as those two words came out, Han Lie's head started to hurt.

This is a pure and fresh leek.

And Lao Pan was still frothing at the mouth: "Just take Fuxing Medicine, how good is its performance?

Lao Guo and I have been friends in the early years. My cousin is working as the general assistant of the Fuxing Group, so I know a few listed companies in the Fuxing Group quite well, and the financial statements are definitely not watered down!

But it just can’t go up no matter what. Calculate carefully, it has been trapping me for almost 3 years!

Is this reasonable?

Another example is bank stocks. Look where they have fallen.

Last year, I saw that the stock price was about to fall below the net value per share. In the long run, wouldn't it mean that you can make money just by buying it?

It ended up trapping me for another two years!"

After Han Lie listened, his balls began to hurt.

Boy, long term?

I'm afraid you don't know how many bank stocks later fell below the price-to-book ratio, or even fell below 0.5...

The price-to-book ratio is a very interesting indicator.

The ratio of the stock market price and net assets per share is the price-to-book ratio.

Theoretically speaking, if the price-to-book ratio of a listed company drops below 1, then if you are able to purchase all its circulating shares at the current price, you will make a lot of money in vain.

For example, for a company with net assets of RMB 100 billion and a price-to-book ratio of 0.32, you can fully acquire it by borrowing RMB 32 billion from someone.

Then delist the company and privatize it, take complete control of the company, pledge the equity once it is sold, and easily loan out 40 billion to repay the loan and interest.

A white wolf with empty gloves, earning 60 billion with blood.

Of course, it is unrealistic to acquire all of them. The smarter way is like this——

Acquire 5% of the shares, then hold up a sign and announce to the market: I want to acquire it!

When everyone looked at it, they thought, oh, this company is so good and so cheap!

Quick, get in the car quickly!

Then the stock price skyrocketed, at least returning to its normal value, and most likely even higher.

Stop and wait 6 months.

After expiration, you can sell the 5% of the stock for 10 billion easily.

It's not bad to pick up 5 billion for nothing.

…

Okay, the above is pure nonsense.

Because the only companies that can go bankrupt in the stock market are banks, and as we all know, banks are "impossible" to be acquired.

Therefore, bank stocks can fall without a bottom line. Anyway, no one will care about it except the national team and Tietouwa.

Are bank stocks worthless?

no.

It's because no one with any brains plays with them.

It is impossible for Pan Shengwu to have built such a huge family fortune without brains, but in the stock market, he is really just a leek.

It’s like a certain emperor’s code-washing man, who is as smart as a ghost, but ended up doing insider trading and actually lost money...

This is specialization in the art industry.

As an expert, Han Lie decided to explain it to his father-in-law so that he could show off his skills.

"Uncle Pan, your idea is correct, but there is a problem with your understanding of performance."

"Ah?" Lao Pan was stunned, "How do you say that?"

“First, performance that cannot exceed expectations is not called performance.

What is the market speculating on?

It is the imagination space of the future.

Normal growth can only be called mediocre.

You have to grow beyond expectations to attract the attention of investors.

Renaissance Medicine is typically mediocre, and the bank has already been completely stabilized, leaving no room for imagination.

Plus the plates are so big, who is going to fry them?

Second, when looking at performance, you cannot look at financial statements, but at industry prospects and company potential.

A company that is losing money now may not necessarily have a bad future.

Companies that are making money now may no longer be able to survive.

Third, what performance is the most important thing for ordinary investors?

It is a semi-annual report and an annual report.

But that thing is too lagging.

The truly valuable potential performance is something that ordinary investors are not aware of, but that you can completely understand... Think about it, what is that?"

Han Lie was fooling around and staged a show of Zhuge Kongming beating Sun Wukong three times.

Old Pan was not stupid, he just didn't turn that corner. Now when he was reminded by Han Lie, he suddenly slapped his thigh hard.

"It's macroeconomic policy!"

"Yes!"

Han Lie gave a thumbs up: "Uncle Pan, your advantage lies in your vision and information. You cannot follow the rhythm of ordinary investors. You must have the courage and confidence to take a step ahead."

The flattery is not in vain.

Lao Pan pulled up the chair and moved closer to him. He put his arm around Han Lie's shoulders and was very affectionate.

"Teacher Xiao Han, you are right! And it is simple and straightforward, unlike those experts who make up mysteries day after day!"

"No, don't call me teacher. I'm just talking on paper..."

Han Lie hurriedly waved his hands, saying that he couldn't bear it.

"how come?"

Lao Pan waved his hand with a particularly heroic attitude: "It's not like I haven't seen your achievements. You stand out among 800,000 people, and your rate of return is so high that it's not even worthy of Zhao Kuo to carry your shoes!"

Han Lie continued to be modest: "It's only a week, there is some luck involved."

Lao Pan immediately slapped him down: "Win without being arrogant, good!"

The sound was so loud that Pan Ge and Xi Luting both glanced over, curious as to what the two men were doing.

Xiao Shoupan was especially surprised. She always felt that her father's enthusiasm for Han Lie was a bit excessive.

Could it be...that there is really any sympathy for each other?!

What a nonsense...

Lao Pan was very talkative, and the content of his chat extended from the stock market to finance and even macroeconomics.

The most rare thing is that no matter where he starts, Han Lie can catch up and have his own thinking.

The more Lao Pan chatted, the happier he became, and the more he chatted, the more frightened he became.

Good boy, you are so energetic now, right?

In fact, Han Lie's own level of economics was not high enough to sit down and discuss matters with Lao Pan.

However, basic economics coupled with rebirth is enough to fool you into a wild path.

And he didn’t lie the whole time——

If you understand something, talk a few more words; if you don’t understand something, never forcefully express it.

Highlight a soundness.
To be continued...