Volume 3: Taking Roots 2016 Chapter 750: Begging for Alms
Hearing these seemingly plausible words coming out of Zhou Dongsheng's mouth, Mr. Duan couldn't help but ponder for a moment, with a look of surprise on his face.
However, considering Zhou Dongsheng's current "achievements" in the investment field, we can no longer look at him with the usual eyes.
Although Zhou Dongsheng is younger than Huang Zheng was back then, his achievements have far surpassed Huang Zheng's.
Those who are able to control a business empire with a wealth of over 10 billion at this age are definitely one of the few talented people standing at the top of the pyramid, no matter in which field.
And this speed of grabbing wealth is indeed only possible in a crazy capital market.
From this perspective, Zhou Dongsheng, an investor who came from a purely peasant background, can definitely be considered one of the top investment geniuses in the investment field.
Therefore, in terms of investment philosophy, it is naturally impossible to be a school that follows the rules, and it cannot be simply defined as a "value investment" school or a "growth investment" school.
He is more like a neutral fence-sitter who will lean towards whichever side offers profit.
As long as it is profitable, it doesn’t matter whether the cat is black or white, a cat that can catch mice is a good cat!
It has to be said that this purely profit-seeking philosophy may be the essence of investment.
Thinking of this, Mr. Duan couldn't help but feel a little interested and wanted to have a more in-depth discussion with Zhou Dongsheng on investment concepts.
As a professional who has been active in the investment field for many years, the title of "Oriental Buffett" is certainly not undeserved.
Since "retiring" at the age of 40, stock trading has become the main theme of Duan Yongping's retirement life, starting with buying bottom-fishing pig factory stocks, whether it was Apple or Tencent.
There are basically active figures behind these leading stocks in the stock market. After so many years of accumulation, even the amount of wealth he holds has become a mystery in the investment field.
But there is no doubt that this is definitely an astronomical figure. After all, the snowball effect of wealth accumulation tends to get bigger and bigger. As long as there is no "black swan" event, the market tends to follow this law.
"So, you are personally optimistic about the future of this digital currency? Tell me what you think." Mr. Duan asked the question with interest.
Zhou Dongsheng is naturally no less than the enemy. After knowing the general direction of Bitcoin in the future, he doesn't care what kind of "heresies" he comes up with.
With the support of future facts, this "heresy" will become the golden rule.
After all, theoretically speaking, as long as the stocks you buy keep rising, the market trend will sooner or later push you to the level of "stock god".
Facts are always more convincing than theories.
“Just as in the traditional financial industry, valuable things are needed as anchors for reference, the value of currency comes not only from the national credit endorsement behind it, but also from the national gold reserves, which is also a major anchor.”
“This logic also applies to digital currency. As a new virtual currency, the value brought by its groundbreaking blockchain technology is far greater than the digital currency itself.”
“It can be said that digital currency is just one of the derivative products brought about by blockchain technology. After understanding this technology, it is easy to create a new type of digital currency.”
“However, just as gold is unique, in the field of digital currency, a limited number of Bitcoins will also become that unique anchor.”
“In the future, various digital currencies may emerge one after another, but Bitcoin, like gold in the digital currency field, is unique and irreplaceable. This scarcity is its huge value.”
“And on the basis of decentralization, this limited digital asset can also play a role in wealth storage, which also has sufficient potential to be developed.”
“The market may be slow and conservative in its response to new things, but sooner or later more and more investors will realize this and join the carnival.”
“Just like the Internet bubble at the beginning of the Internet industry, digital currency will inevitably have a grand debut.”
“No supervision, free circulation, limited quantity… Isn’t this the fertile ground that capital dreams of the most?”
Zhou Dongsheng spoke eloquently, and his confidence was inadvertently revealed in his words, as if what he said would inevitably come true.
This kind of self-confidence is very contagious and is also indispensable for those who succeed. If you don’t even believe that what you say will become a reality...
Who else can we expect to convince?
Of course, Duan Yongping, who has been through a lot of hardships, is not someone who can be fooled by Zhou Dongsheng with just a few words, but Zhou Dongsheng went to so much trouble, and of course he has his own purpose.
Especially after this trip overseas, Zhou Dongsheng found that although he knew very little about the overseas capital market, there were still a few stocks that were unique and scarce.
Buying in at this point in time is basically a sure win, even for a behemoth like Apple.
After all, Apple’s current market value is only a little over 600 billion US dollars, and it still has a long way to go before becoming the world’s first technology giant to break through one trillion US dollars.
Not to mention new energy companies such as Tesla. New energy is also a major direction of future investment.
Whether in the U.S. stock market or the domestic market, there is great potential for development. After all, energy is the blood of modern industry, and the competition that breaks out in this field is often a fight between gods at the national level.
Once it rises to the national level, the interests involved are completely different...
For Zhou Dongsheng, the entire market is like gold everywhere. The only thing he needs to consider is how to make choices. After all, he cannot eat or digest it all by himself.
Therefore, if you want to have more pieces of the cake, how to reasonably use external capital to reap the fruits of others' labor is obviously a technical job.
In the past, Principal Wang and others once joked that with Zhou Dongsheng's investment talent, he was born to be a private equity investor, judging from the investment track record he has created.
As long as he is willing to open the conversation, there will definitely be no shortage of investment institutions willing to put up funds to try Zhou Dongsheng.
After all, in the investment field, "people" are also a popular investment project, so look at Zhou Dongsheng from the perspective of a project.
Many of the previous investment projects have undoubtedly achieved outstanding performance. This performance alone is enough to win a considerable valuation in the market, and it is naturally not difficult to raise funds.
In the past, Zhou Dongsheng would have just laughed it off. Knowing his own strengths and weaknesses, Zhou Dongsheng naturally did not dare to act rashly.
Greed is insatiable and the snake swallows the elephant. Although investment has risks, the money of investment institutions is definitely not so easy to get. What if you fail to eat the mutton and get into trouble instead, it would be a loss.
However, as his horizons broadened, Zhou Dongsheng felt that this was not impossible.
At least, there is absolutely no problem in starting with the people around you. As the saying goes, good things should be kept within the family. Instead of giving away the benefits to others, it is better to use the "good things" that you cannot digest to develop your personal network.
By the way, you can also get some benefits yourself, which is like killing two birds with one stone.
Especially this overseas trip, visiting overseas markets in person and facing those words, whether familiar or unfamiliar, once again triggered Zhou Dongsheng's limited memory.
Although I am completely in the dark about the U.S. stock market, the little knowledge I have is enough to gain considerable returns.
After listening to Zhou Dongsheng's insightful comments, Mr. Duan couldn't help but ponder for a moment, even though this logic was completely contrary to his own value investment philosophy.
But Mr. Duan also had to admit that this set of views is logically self-sufficient, at least the argument is tenable, as for whether it can withstand the test of the market...
That will naturally only be tested by time, but it must be said that after hearing these words, even Mr. Duan, who always stays away from "speculation", has developed a little interest in the so-called blockchain.
"It does make sense to say that. As long as it can gain market recognition and build consensus, it can indeed bring certain value to it."
"However, market confidence is not as stable as national credit. It often fluctuates greatly, is unpredictable, and can hardly withstand the test..."
Mr. Duan couldn't help but sigh, and then changed the subject, "How high do you expect the future of Bitcoin to be?"
No matter how fantastic the theory is, it still has to be put into practice in the end. Instead of listening to what Zhou Dongsheng says, it is better to see what he does.
Mr. Duan also wanted to see the courage of this young man...
"Ahem, I've been talking for a while, I feel a little thirsty, why don't you say something, Mr. Lu?" At this point, Zhou Dongsheng shrugged indifferently.
He calmly picked up the tea and drank it slowly. Although they were in a foreign country, the tea that Mr. Duan used to entertain guests was naturally of no less quality.
What's more, it was brewed by the master's wife. After drinking it, Zhou Dongsheng praised it, "Good tea!"
Liu Xin, who was sitting next to him, smiled slightly, and then looked at Lu Sifang next to him. After listening to Zhou Dongsheng's words, she was also a little curious.
Does this digital currency really have such great potential?
Seeing that his boss gave him the opportunity to speak, Lu Sifang was a little excited. After all, the person in front of him was a living Buddha.
"The first major project of our overseas investment team is to build a position in Bitcoin. The initial investment is expected to be US$100 million. Currently, one-third of the funds have been invested, and the position has been built at a cost price of nearly US$650..."
“According to the current trend, the final opening cost may remain around US$700, while the market value of Bitcoin today is US$749.79…”
Lu Sifang explained the situation briefly and concisely, and Mr. Duan nodded calmly.
One hundred million US dollars is not a big sum for him, but for Zhou Dongsheng, it is definitely not a small amount.
This shows that what Zhou Dongsheng said was true and he really verified his theory through his own actions.
"If I say that I expect the future value of Bitcoin to exceed tens of thousands of US dollars, I wonder if Mr. Duan will think I am a lunatic?" Zhou Dongsheng suddenly said.
"An investment that could potentially bring you dozens of times the return? It just sounds very tempting..." Mr. Duan didn't show any surprise at all, instead he sighed.
Then he said to Zhou Dongsheng with a half-smile: "Why? Do you still want to test the endurance of an old man like me? Do you look down on me so much?"
"Before the results are revealed and verified, most practitioners will inevitably be regarded as crazy by others..."
"Before I founded Subor and turned the factory from loss to profit, many people thought it was impossible to do."
"And when I left the Xiaobawang brand that I had built from scratch and turned into an annual output value of over 1 billion, many people also thought I was crazy."
Although a hero does not brag about his past achievements, when it comes out of Mr. Duan's mouth, it doesn't sound like he is showing off, but rather like he is simply recalling a past event.
"I, an old man, don't know whether you are crazy or not, but I do understand one thing: the future belongs to the young. My future is set, but yours is still an unknown..."
"Until now, I still don't know where your end is. I am also very curious about how high I can see you reach in my lifetime."
"This may be another great pleasure in life after reaching my age. After watching stocks for most of my life, I still think that people are the most interesting potential stock..."
Mr. Duan said cheerfully that, having said that, there was naturally no need to say more, and the rest would just be left to time to prove.
Anyway, in the final analysis, it still depends on the market's reaction. After all, ideals are always full, but reality is extremely skinny. If we can't build market consensus...
All those beautiful fantasies that Zhou Dongsheng talked about will eventually become castles in the air.
If Duan Lao is not anxious, then Zhou Dongsheng will certainly not be anxious. He will just plant a seed in Duan Lao's heart. However, since he is here now, if he doesn't "beg for alms"...
Wouldn't it be a shame to have made such a grand speech? At least I should get rid of some of the trouble, right?
"Ahem , since you, Mr. Duan, have said so, I wonder if you have any idle funds that you can lend me for emergency use. You know my situation, and I basically have my little piece of land in China..."
"The bargaining chip for the overseas market still relies on the overseas revenue of the game under my control, but after all, this game is not entirely mine, and I also have to consider the opinions of other shareholders..."
"So you, old man..." Zhou Dongsheng rubbed his fingers like a fly, and his intention to beg for alms was obvious.
Duan Yongping couldn't help but burst out laughing, he almost exclaimed wow, it turned out that having friends coming from afar, not only was it not a "joyful occasion", but it was like a thief breaking into the house?
"Oh? You mean you want me to be your LP? You plan to develop in the direction of private equity. But it's also true. Judging from your performance, there are probably many institutions willing to invest in you..."
LP is naturally not the abbreviation of wife, but the abbreviation of the identity of investor, while Zhou Dongsheng’s identity is GP, which is the abbreviation of the manager who manages the investor’s capital.
Simply put, there is one person who provides the money and the other who manages the money. The one who provides the money gets the interest and the one who manages the money gets the management fee. This is basically the basic logic of private equity institutions' operations.
Compared with public funds, which have basically no threshold and can be bought by everyone, the threshold for private equity institutions is undoubtedly many times higher.
After all, the truly profitable businesses are often secretly divided up before the public even knows about them, and by the time everyone knows about them...
It is probably the time when funds from all parties are ready to carry the sedan chair and allow retail investors to come in and take over at high prices.
