Lu Ming didn't bother to cut off small businesses with capital accounts of only tens of thousands or hundreds of thousands, because the efficiency was too low and he was disgusted.
With large institutions worth tens of billions, it takes a lot of brainpower and energy to compete with opponents, and the opponent is not a vegetarian. Lu Ming adheres to the principle of lying down and trying not to sit down, and cuts those tens of millions and hundreds of billions.
The simplest.
These people just happened to get rich. Most of them made money by doing real businesses. As soon as they got their money, they wanted to invest it to preserve their value. Some of them bought houses without any thought, and some of them entered the stock market.
Especially some bosses, they are really strong in doing business and doing business, otherwise how could they be worth tens of millions or hundreds of millions?
But they are often novices in the capital market. For investors of their level, even if they are cautious and start to use a small amount of money to try and make mistakes, the small amount of money will still be in the millions or tens of millions.
What they cut was their trial and error money, and some of them were done violently, so it was more enjoyable to cut.
There are also smart bosses who leave their money to professional private equity to handle. There are too many private equity funds in China. There are also this gang and that gang. They are actually private equity and hot money. They make a ticket and raise the market together.
People who like to speculate on topics, junk sectors, small-cap stocks, and small stocks are often played around by them.
If there is a food chain in the capital market, then from the top to the bottom it is Guo Jia team/institution → small private equity / hot money / bank → Niu San → Leeks.
The leeks will be eaten by the cattle, the cattle will be eaten by the private equity hot money dog houses, and the hot money dog houses will be eaten by the institutions.
Hot money/bankers and institutions generally play their own games and have their own core home ground. Basically, hot money institutions will not touch it, and institutional money betting will not touch it.
But the two really start to compete, and the final result must be that the institution wins.
If hot money is the creator of monster stocks, then institutions are the creators of bull markets.
It is clear at a glance which one is strong and which one is weak.
The institutions sign up for a group together, and the entire market capital is sucked into the institution's home court. All the leeks are attracted, and the hot money and bankers are not able to cut off the hot money. They may even be smashed by the leeks, and they are forced to go to the institution's home court.
.
So the bull market came. Not to mention a comprehensive bull market, at least a partial structural bull market was born.
The result... was that he was picked up by the whole family!
There are only a few who can really escape, and the flash crash of last year’s super market clearly demonstrated it. Bullshit, hot money, private equity, including a large number of institutions and foreign capital, also suffered huge losses, and corpses were everywhere.
The end result is that only 10% of people in the entire market are winners.
Obviously, Lu Ming is at the top of the food chain. Big fish eat small fish, small fish eat shrimps, and shrimps eat plankton. This is a natural law.
It is impossible for big fish to eat plankton because the energy consumed is greater than the energy taken in, which is against the laws of nature.
…
Lu Ming chatted with Su Xiaoman for a while and explained the matter of raising funds. After staying in the office for about ten minutes, he left the office and came to the company's conference hall.
It is about 16:00 in the afternoon.
There were nearly two hundred people sitting in the conference hall, mainly people from the investment management department and the investment research department. Li Mingyang, Qi Wei and other fund managers and their management teams, including Su Xiaoman, An Yirou, etc.
Be present.
The conference hall was very quiet at the moment. Everyone was looking forward in unison. Lu Ming was standing in front of the big screen in the conference room. The screen showed the daily K-line chart of the Big A motherboard.
Lu Ming stood on the conference table next to him with his elbows on the table and a wireless microphone in his right hand. He looked around at the attendees. After trying the microphone and it was OK, he said:
"Here are the key members of the company, and the internal communication is not false. Many people want to know what I think of the future of the domestic capital market, and some of our company's major customers have asked me about our country's economic prospects and the global economic prospects.
How do you look at it, or look at the recent private messages on my social media accounts asking me if the main board can return to the 3,500 points at the beginning of the year."
Having said this, Lu Ming turned back and glanced at the K-line chart of the Shanghai Composite Index on the big screen at the conference. The market trend in January this year was the stock market crash version 3.0, which dropped by 25 percentage points in about a month.
As of today's close, the main board reported 2843 points. From 3539 points at the beginning of the year, almost half a year has passed and the whole year is still down by -19.65%.
Lu Ming turned back to look at the participants: "My own judgment is that I don't even think about recovering more than 3,500 points this year, and don't even think about next year."
Is Bo SS actually so pessimistic about the market outlook?
This surprised everyone.
Lu Ming: "But is it important? It's not important. You can make a lot of money in the bull market, and you can also make a lot of money in the bear market. Let the bears dominate the world, and my Tiansheng Capital's upward channel has no end. The sky is
It’s the end.”
It was undoubtedly an internal communication meeting. Bo SS did not hide it at all. Most of the people present admired Bo SS beyond measure.
Lu Ming looked around at everyone: "Let's get down to business and ask you a question, will there be another bull market in the market?"
Everyone nodded.
Lu Ming continued: "Yes, right? Yes, I agree, there must be a bull market. Draw a conclusion in advance. My conclusion is that the so-called bull market in the future will not have a general rise like last year, and any junk stocks can rise sharply with it.
Enjoy the premium of the bull market, which will not exist in the future, no."
"In the future market, only 20% of high-quality leading companies will continue to rise and rise, and 80% of junk stocks will continue to fall and fall, forming such an extreme phenomenon of polarization. That is,
It is said that no matter how cheap junk stocks are, no one will buy them, but no matter how expensive good stocks are, there will be people who take them.”
"What's the logic behind this? Guo Jia will!"
Guo Jia’s will?
Everyone was very curious after hearing this. Everyone listened without saying a word. Lu Ming walked from one end of the conference table to the other. "The influence of international factors is of course important, but not important. It is secondary. The core
The factors are domestic. Our country is a super-large country. Whether it is in terms of territory size, population size, or industrial scale, it cannot be described as big, but super-large. In such a country, internal factors will always outweigh external factors."
"With this lowest level of logical support, we can analyze upward. Last year's super market has shown that there is a surplus of financial capital in our country. In fact, I think it began to be surplus in 2013, and capital is no longer so scarce. This
It’s one.”
"Then the second point is that the country is now facing economic transformation and upgrading. Some people are worried that they are not optimistic. There are many reasons. At first glance, the logic seems to be very reasonable, but in fact it is nonsense. I am firmly optimistic. I am not a general in the domestic capital market.
Whether it is the primary market or the secondary market, all investment behaviors are based on the most fundamental logic, and we are confidently optimistic about the future of this country."
"Some people will ask, where is the logic?" Lu Ming said with a joking smile, and then continued: "Is this a question of logic? This is a question of pattern! If this country has no future, then everyone has no future.
In the future, will the West give you a hand? What will happen if a man armed with a long gun and a cannon meets an unarmed man carrying a large bag of gold?"
Everyone listened silently, but the answer was already given in their hearts, which was of course to kill the opponent and keep the gold for themselves.
…
(Ps: Adding an update [2/5] to thank the leader of "The Sea of Learning is Boundless and the Sea of Books is Boundless". In the last chapter, he was still the leader. Looking back, he saw that he was the leader. This is why the title chapter became "4/73"
The reason is, the more you pay, the more you play with a hammer...)
