Chapter 477 [Just making money is not enough for a project]
On the way back, Lu Ming, who was sitting in the car, took a tablet and took a rough look at today's market conditions. The market conditions he saw were obviously related to his speech at the Ningzhou New Economic Forum.
The sharp drop in the securities sector in the early trading was due to retail investors who had previously thought that the brokerage companies had started rushing in. They then switched to technology stocks and pushed up the daily limit trend of technology stocks. In the afternoon, technology stocks broke out of the "A" shape flash crash and turned green.
The result of big funds frantically smashing the market, and at the same time, the securities that rebounded in the afternoon came out to protect the market index, which is another force.
The funds that come out to push up securities in the late trading are undoubtedly the main force. If the securities sector continues to fall and joins forces with the big technology sector to push short positions, the shape of the Shanghai Stock Exchange Index today will be very ugly. Pull on the securities to protect it.
At least the index is not that ugly.
"The retail investors of Big A are really miserable..." Lu Ming couldn't help but sigh and threw the tablet aside.
Such a market situation is really difficult for retail investors. They are repeatedly slapped in the face. The so-called people who admit their mistakes and recover their securities will be slapped again tomorrow, because the funds that quickly increased the securities sector at the end of today will only be on the market tomorrow.
If it goes well, it will be withdrawn immediately. In other words, these funds will be the largest potential short position tomorrow, and the best result can only be flat, and it is impossible to go higher.
However, there are still a small number of retail investors who have made money, or even a lot of money, in this intraday fluctuation pattern. These people are not playing with individual stocks, but convertible bonds, and the underlying securities are mainly Tiansheng convertible bonds.
This group of people are more like thieves. T+1 stocks still have no first-mover advantage, but T+0 convertible bonds can be sold on the same day they are bought. If something doesn’t look right, they can run away immediately.
Some people bought Tiansheng Convertible Bonds at the bottom when securities prices plummeted today, and then sold them when stocks rose at the end of the trading day, thus completing the intraday arbitrage of interest differentials, not even overnight.
In their consciousness and trading sense, raising securities in the late trading is either cheating or stealing, so they dare not do it overnight.
There are a very few people who are even better. They make money by switching the convertible bond targets of securities stocks and technology stocks between high and low levels within the day. When the securities sector is falling, technology stocks are rising. These people quickly find a way to make money.
Technology stocks of convertible bond type were invested in, and then sold near the high point when technology stocks crashed.
In turn, he switched back to the securities sector, found Tiansheng Convertible Bonds, and withdrew the funds before the market closed, thus completing two rounds of intraday interest rate differential arbitrage.
However, Niu San who can accurately follow the rhythm and earn huge profits in this turbulent pattern are often rare, and they have been abused by big A before. For more than 90% of retail investors, such market conditions are caused by
Repeatedly slapped in the face.
Assistant Han Qiulin, who was riding with Lu Ming, sat next to him. She took the tablet and glanced at the market trend chart on it and said: "If retail investors want to avoid being ravaged by the market, the best choice is to stay away from the stock market. As long as they are in this market, they are destined to be
The fate of being harvested. If profits and losses come from the same source, some people will make money and others will lose money. The ones who play the role of losing money will always be retail investors."
Han Qiulin looked at Lu Ming and said: "The result of the short-term switch is a slap in the face, while the result of the long-term pattern is an endless decline. The market environment and mechanism determine that most retail investors cannot make profits. The rise is inexplicable and the fall is unbelievable. Funds
The king can do whatever he wants, and insider information can be unscrupulous. It is even weirder that such a market can allow most retail investors to make profits."
Obviously, Han Qiulin's argument is that since you are destined to never make money anyway, why do you have to hang on? The result of not walking and not believing in evil is the fate of being cut off.
The data that you can outperform 70% of retail investors in the market as long as you don’t play is no joke, it’s so real.
The market always needs a group of people to play the role of losing money. Which group is more suitable than retail investors?
Lu Ming turned to glance at her and said: "Looking at it from another angle, the principles of the "Book of Changes" tell the world that everything that happens is a good thing, and the market itself where fools can make money is not normal. The more money the market makes, the more money it makes.
It is a good thing that things are becoming more and more difficult, which means that they are getting more and more involved. When they reach a certain level, only the chicken thieves are left and continue to do so. The result is that the short ones will be pulled out of the tall ones. In other words, the threshold will naturally decrease.
As we move up a level, the market maturity will of course move forward to a new level."
There are a lot of big fools in the current market who are rich, so the common people who are chicken thieves have a tacit understanding to cut these big fools together, and they must make the easy money first.
When there are no more big fools in the market, or when big fools no longer become the mainstream, the remaining gang of thieves will have to meet and compete with each other for funds.
If you have funds, I have them, if you have insider information, I have them, and if you have connections, I also have them. Even if you want to cut me off, I won’t be able to cut you off. As a result, everyone’s advantages will be offset by hedging. So what should I do?
Obviously, the final result is to force the market to move to a more mature stage. It can be seen that the big A junk stocks in the future will become penny stocks and no one will pay attention to them. Similar to the previous bull market, the situation where all junk stocks can skyrocket will never happen again, and the real
Good stocks will maintain a long-term rising trend, and even higher valuations for some scarce varieties are relatively reasonable.
But then again, Big A still has a long way to go to reach the mature market stage.
"By the way, during today's roadshow project negotiation meeting, we received a lot of investment targets. These are a few projects with investment value that we have selected, especially this game project." Han Qiulin took a look from her briefcase
He took out a piece of material and handed it to Lu Ming.
Ningzhou Xinjin Forum is not just about bragging. Big bosses come here to talk about the world. It also attracts many start-up company teams to come here to solicit investment. It would be a great joy if they can be favored by investors and raise funds.
"Is it a game with dark style "Journey to the West" background elements? It's kind of interesting." Lu Ming looked at the planning content in the material with great interest.
"This team used to work for the Penguins, but then they left and now start their own business. We watched their actual machine test video. It's not even a semi-finished product, but... the picture is very stunning, and we also made a copy." Han Qiulin.
So said.
"computer."
Lu Ming immediately reached out, and Han Qiulin took out the laptop and opened the copied document before handing it to Lu Ming, who opened it and read it.
"The picture is really good, high-quality, and the details are also very good. It is rare for a domestic game team to develop such a work." Lu Ming's eyes lit up when he saw the test video, and he gave it a very good evaluation.
As time went on, the screen became a bit blurry as there were more monsters in the game. Han Qiulin next to her couldn't help but said: "It's just a little rough here, but it's not finished content after all."
"No, no, you don't understand." Lu Ming glanced at her, smiled, then stared at the video and said: "Because there are so many monsters in this scene, the frame drops.
This shows that it is indeed a real live demonstration, rather than using fake CG images to fool people. If this scene is as silky and smooth as before, without any frame drops, it is most likely a fake."
"So that's it..." Han Qiulin suddenly realized that this was indeed beyond her expertise.
Nowadays, when releasing games, many developers like to use exquisite CG videos to attract people. When they actually buy the game and play it themselves, they find that the picture is completely different from the CG demo, and they feel like they have been deceived.
After watching the video, Lu Ming closed the computer and looked at Han Qiulin and said succinctly: "We have invested in this project. Let the team ask how much it will cost. We will manage enough funds, but two things must be guaranteed."
After a moment of pause, Lu Ming went on to say: "The first is to be able to control the company absolutely regardless of how many shares the founders hold. I have said that we will never invest in companies with chaotic founder teams; the second and most important thing is
Yes, why are they doing this project? This must be clarified. We don’t invest just to make money, but to make a great game? We don’t invest either!”
Han Qiulin was confused and couldn't help but said: "Why is that?"
"Cultural output!" Lu Mingyan said four words concisely, and added after a moment: "When I saw this project and the actual test screen, the first thing I thought of was not how much money I would make, but cultural output. A
Fun games are the basis for success, and on this basis this game is the best carrier of cultural output."
"I can guarantee that when foreigners see the skill of Goku plucking a bunch of hairs to create a group of Gokus in the picture, they will immediately think of the multiple shadow clone technique in "Naruto", but they don't know this amazing and unconstrained setting.
This spell first came from "Journey to the West" to describe Goku's body. The Japanese moved this setting to "Naruto". As a result, the whole world recognized the clone, even some domestic Zero Zeros who had not been exposed to "Journey to the West"
After reading it, you will also say that it is a shadow clone instead of an external incarnation. This is cultural export."
Lu Mingyun continued calmly: "So, if the team cannot reach this level, it will be just an ordinary commercial project. The scale is still small, and it is not known whether it will be commercially successful. It is not worthy of my review at all."
It’s a waste of my time, just don’t vote.”
For the current Lu Ming, his current status and height, vision and structure cannot be limited to making money. As the height increases, the corresponding responsibilities will naturally come, but this kind of responsibility will not be actively imposed on others. It depends on
Is Lu Ming aware of his responsibility? Embedding cultural soft power into successful business projects and promoting it so that the world can accept it subtly is what Lu Ming should do.
