In his previous life, Su Yehao was just a construction site supervisor, and he didn't know enough about the stock market trends of this era.
He only knows of one dot-com bubble.
As for when it will develop, how it will happen, etc., they are all blank.
Even if you find an expert from later generations, you wouldn't dare to pat your chest and get the historical trend data of Nasdaq accurate to a certain day, let alone he is just an ordinary person.
This resulted in Su Yehao being relatively accurate in grasping general trends, but lacking in control of specific details.
Other fund managers make money with investors' money. Even if they lose money, it's not a big problem. The worst they can do is change their business and start from scratch. As long as they know how to cheat and have a platform to continue raising funds, they can make a comeback in a few years.
However, Su Yehao was messing around with his own money, and his psychological pressure was completely different, which made him inevitably constrained when investing and made many wrong decisions.
For example, the stocks of Cisco, Qualcomm and Yahoo last year were obviously sold too early in early February 2000.
Last year, Cisco's annual revenue was close to 20 billion U.S. dollars. The 1999 financial report that was released in February was very good, causing its market value to rise again, and it has exceeded 500 billion U.S. dollars.
The total market value of Yahoo has now increased to more than 100 billion US dollars.
If Su Yehao had not thought about taking advantage of the situation and kept holding this batch of financial assets until now, he is expected to earn an additional US$20 to US$3 billion.
I was sitting on the roof of the hotel chatting with Vice President Zheng Yongwen. Many guests around me glanced at Su Yehao from time to time.
Office workers have already gone to work on the fourth day of the Lunar New Year. Today’s occupancy rate is less than one-third. The guests who can come to Hi Garden Hotel to spend money at this moment are generally not bad. It may be because they often see celebrities and wealthy businessmen.
, and no one came rashly to disturb him.
At this time, Zheng Yongwen asked in a curious tone: "I don't understand why you chose that time point to short the Nasdaq index and invest so much money?"
Su Yehao smiled awkwardly, sighed and said:
"Forget it, I regret it so much that I want to bang my head against the wall, because I read on the news that the wave of interest rate hikes in the United States is about to end, and the average price-to-earnings ratio of those technology stocks has exceeded 140. How exaggerated is this number? I think you understand better than me.
.”
"So, I just wanted to take a gamble. I originally thought that the 10% floating space left by ten times the leverage was relatively large. In addition, the Nasdaq index has risen a lot since the millennium, which made me think it would be
It’s relatively safe. Unexpectedly, it has been rising sharply for several days in a row, and it has gone up in a straight line. If I hadn’t thought about getting back my money, I would have had the opportunity to run away earlier.”
"Now that I think about it carefully, it may be because I am too rich and don't take this investment seriously. Otherwise, I should be more careful..."
Looking up at Su Yehao, Zheng Yongwen almost choked, being stimulated by his words "blame me for being too rich".
Inexplicably, it feels so reasonable.
It's probably like a rich person spending hundreds of millions to go to Lisboa to gamble and have fun. It doesn't affect their lives anyway, and it doesn't matter whether they win or lose.
Zheng Yongwen thought that money came so easily, so he easily took it lightly. He shook his head helplessly and said, "You can only blame Master for your bad luck. In fact, your thinking is not wrong in my opinion. You just underestimated the capital."
How strong is the desire to survive."
"Desire for life?"
"Yes, no one wants a trillion-dollar super bubble to explode in their own hands, and the best way to attract others to take over is to continue to raise the stock price and create the illusion that the stock market is still prosperous. Everyone is cautious
Maintaining the status quo, in fact, a soft landing is no longer possible. The Federal Reserve has raised interest rates five times in more than a year, and there will be one or two more at most. In fact, the bubble may burst at any time, and you are not lucky enough.”
After Zheng Yongwen was busy with the proposal of the semiconductor industrial park last year, he went to India again to practice spiritual practice.
My head got hot after I drank a bowl of Ganges water...and then my head really got hot.
My fever reached 40 degrees Celsius. I went to the UK for a checkup and found that there were parasite eggs in my head. I had to undergo a craniotomy to recover.
I have been busy recuperating my health in the past few days. I accidentally saw the news about Su Yehao's money loss in the newspaper, and then I started to pay attention to the recent trend of Nasdaq.
This attention immediately made me unable to sit still, so I took the initiative to find Su Yehao today to discuss a partnership for speculation.
After listening to what he said.
Su Yehao sighed again and replied:
"I also understand these truths. There are more and more short sellers like me, but they are not as evil as me. They like to play hedging, and I only bet on one end. The risks are high and the returns are high, and the losses are correspondingly larger. In fact, this is
The money I lost this time was all the profits I made from being bullish a few days ago. Do you know the timing?"
"No."
Shaking his head, Zheng Yongwen added:
"So I also plan to try to hedge and wait and see the future trend. Anyway, based on the performance these days, the Nasdaq market has gone completely crazy, leaving value investment and growth investment behind. I think the next trend should
It has to do with the movements of the Federal Reserve. The funds that should flow back to the United States have already been in the stock market, property market, and bond market. When the Fed starts to lose strength, the market will collapse. There is already a turmoil outside."
Su Yehao also understands these simple truths.
His loss this time was mainly because he did not expect that the Nasdaq market would be so crazy this time. Moreover, the Federal Reserve probably also had a premonition that the bubble was too big. The extent of the latest interest rate hike exceeded market expectations, pushing prices higher again.
Stock price increase.
It’s all a loss, there’s nothing to regret. Su Yehao ordered a cup of mocha and said:
"I discussed with the investment bank the lock-up period for the original shares of Yanzi Group. In order to reassure investors, I decided to set the lock-up period after one year. This means that the shares of Yanzi Group I hold will have to wait until April.
Only then can they be sold in the market. I wonder if I can find a way to take advantage of the enemy recently and directly make some money back through large-scale transactions or negotiated transfers."
Zheng Yongwen asked him: "What is the total market value of your emoji group?"
"I'm not sure, and I didn't dare to read more, lest I feel bad after the decline. Last week, it exceeded 16 billion US dollars. I haven't done a good job in financial reporting. All the losses were thrown into last year's financial report. The major shareholders personally suppressed the stock price, except for
Besides a kind-hearted person like me, who else is there?"
"Master, what are you doing by doing this? It's not good for you. As long as the stock price falls and you don't make any money from your investment, the investors will still not accept your kindness, but it will make you annoying. Just say this to me, but you must not
Spread the word so as not to ruin your reputation."
"Understood, I'm not stupid..."
Bringing the topic back to the proposal of cooperation, Su Yehao agreed to invest 300 million US dollars in Zheng Yongwen, but the commission after making money must set a threshold based on the profit scale.
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Zheng Yongwen just wants to hold a large amount of money and have fun. His pursuit of money is relatively low, so he takes the initiative to take 5% of the profit if he makes more than double the profit.
From this point of view.
It seems that he is quite confident about the prospects. In normal times, it is not easy to earn more than double the profit.
He is so sincere, what else does Su Yehao have to say?
The recent trend of Nasdaq has been analyzed and discussed for a long time.
As for reducing the shareholding of Yanwen Group through commodities, given the current situation, it is not easy to find an enemy to take over. If the situation is too ugly, it may easily arouse resistance from other major shareholders.
Considering the prospects of Yanwen Group, it is better to continue to hold the shares and wait patiently for three to five years, so Su Yehao just mentioned it casually without having much expectations...