Dong Qiangqiang's Story of Leaving Germany

Chapter 740
Seeing Duanmu leisurely pinching the fruit in the fruit plate, Dong Qiangqiang held his heart and said, "If you don't finish the adjustment, you will invest, don't you worry that the money will be wasted?"

"I'm worried..." Duanmu didn't change his face, "I'll still buy it."

Dong Qiangqiang knew very well that Duanmu was not an adventurous person, he should have his own reasons for doing so, and wondered: "Is there any other news that I should know?"

"That's not true. I told you everything I know just now." Duanmu's expression didn't look like he was lying.

"Then why do you still..." Dong Qiangqiang was even more puzzled.

"What I just said is just the second step you have to do, not everything."

Dong Qiangqiang thought about it for a few seconds, as if Duanmu did say something similar just now: "Then what else? After finishing everything, you won't worry about it?"

"What I learned this time in the United States can be summed up in the words of my ancestors. It is not new. It is to make full use of the right time, place and people. The right time is the general environment for short selling. Now the entire US stock market is in turmoil by companies led by Enron. The market is full of all kinds of true and false financial fraud news. You just said that more than 800 companies with financial flaws or financial fraud have emerged in recent years. The current environment is very conducive to our business development. The geographical advantage is We have found some companies and their financial derivatives that have big or small problems through various channels and methods.” Duanmu stopped here deliberately as if to make a fool of himself, which caused Dong Qiangqiang to ask: “That person and refers to finding Current and former employees?"

"No, Renhe refers to the combination of vertical and horizontal."

"Joint vertical and horizontal? What do you mean?"

"As far as I know, there are three main types of investors on Wall Street who focus on short-selling. The first type is experienced retail investors. They have accumulated rich judgment based on long-term attention or trading a certain stock. The development trend has a judgment independent of the market. The third category is super-large funds or multinational financial holding groups. Pushing forward to the financial crisis, because of the huge amount of funds that can be controlled by such institutions, their short-selling behavior often has the magical effect of finalizing the final word, and often becomes the last straw that crushes the market.”

"What about the second category?" Duanmu's ability to tell stories became better and better after returning from the United States, and Dong Qiangqiang found that he listened with gusto.

"The second type is the investment funds that started to rise around 2000 with the bursting of the bubble of Internet listed companies. If the third type of investment funds are grandparents, then the second type can only be counted as grandchildren. They are usually established for a short time. , less funds, less popular in the market, and they are not paid attention to by the market due to their uneven quality, but their shortcomings have also become advantages to a certain extent: because their qualifications are not valued, they will not be like the third type of funds. It is also easy to attract vigilance and hostility; because of the small amount of funds, you can fast in and fast out to avoid the corresponding regulatory requirements. These (advantages and disadvantages) are like two sides of a coin. Some of these institutions started to help the third Just like you and me, there are only two or three employees in a leather bag company like investors who do due diligence work. They found speculative opportunities during the due diligence process, and after tasting the sweetness, they simply jumped out and did it themselves.”

"I remembered, a mentor asked you about our business model during the road show last time." Dong Qiangqiang recalled, "You said at that time that we are not selling reports."

"That's right, not only do we not sell short-selling reports, but we also send reports to others for free in the first few years. The more we send, the better, and the more people who read our reports, the better."

"Give it away for free? To whom? Can people read it?" Dong Qiangqiang asked repeatedly.

"The ultimate goal is definitely to give to the investment funds of the third type of grandparents, but it will be difficult to get into people's eyes at the beginning. Even if you send the report to the other party, it will probably be treated as spam without even reading it. deleted."

"Who else can it be sent to? Ordinary short sellers? Investment funds?"

"It is usually sent to medium-sized investment institutions or well-known hedge funds in the market. These institutions usually purchase third-party research reports on a regular basis. In particular, institutions that focus on short-selling will pay more attention to these reports. These people have nothing to do with our interests. It is consistent, and there is a possibility of coordinated operations. So once we release the (short selling) report, the more people who participate, the better. Free release will not increase the cost of investment institutions. The more releases, the greater the base. If the base is large, there will always be people who will read it. If our reports are of high quality, the data can withstand scrutiny, and the logic is interlocking, it can make organizations doubt or distrust problem companies, and it will attract people to help shout, and the market shouts The more people there are, the more people are likely to fall into trouble, and our goal has been achieved." Duanmu explained calmly and emptied the last plate.

"If, as you said, someone chooses to short with us after reading the report, then you don't have to worry, I understand. But what if it's the opposite? We always have to prepare for the worst."

"The most ideal situation is that the wall collapses and everyone pushes it, plus the herd effect," Duanmu said with a shiny face, "then we can laugh even in our dreams. The worst thing is that no one pays attention to it, and the market completely ignores our reports. If we are indifferent, then we are responsible for our own decisions."

Speaking of this, Dong Qiangqiang also knew what Duanmu said was true: "Okay, then I will follow your suggestion just now to attend the industry meeting and find someone to understand the situation as soon as possible, but I can't say how long it will take to complete these two things. ,Report……"

"You can focus on writing Vivendi this time. I will write for other companies. I will send you a few good short reports for your reference later. There are still two months before July. There must be time. If it is true If it’s too late, you don’t need to put too much pressure on you. There are precedents in Wall Street for publishing short-selling reports multiple times. You can write unimportant issues first and post them in the first part, and save the one-hit-killing move for the next part. The combination of two swords is as effective. , or that sentence, the key is data and logic.”

"There is another question." Dong Qiangqiang said seriously, "I have read news related to short selling before. Some short selling institutions will be sued by listed companies for defamation or spreading rumors. Should we also pay attention to similar legal risks in advance?"

"Well, that's true. I ignored this question. You reminded me well. I'll look for a law firm when I get back." Duanmu took out a notepad from his bag and wrote down this question seriously.

"I have a German lawyer that I have dealt with. It may be helpful. I am not sure. I will also ask and I will tell you some news." Dong Qiangqiang thought of the lawyer Friedrich who helped Lu Wei in the lawsuit.

The two chatted for a few more words, Dong Qiangqiang introduced Duanmu to Qin Youbo, and then walked out of the restaurant together.

A lot of luxury stores on the Champs-Elysées are still open. The street is full of traffic and people. Street lights, shop lights and car lights make everything around them look extremely unreal.Facing the gentle night wind, the two walked along the road towards the parking lot.

"Duanmu, do you really think we can succeed this time?" Dong Qiangqiang asked, "Could it be that our thinking is too simple and naive? There are still things we haven't considered."

"You want to hear the truth?" The expression on Duanmu's face seemed drunk but not drunk.

"Ah."

"I've told you all I know without reservation. I don't know if I can succeed or not. But I know one thing: If you don't want to do it, it will always be difficult. If you really want to do it, you will definitely be able to do it." Find a way. If we want to pursue high returns, we will definitely encounter high risks, the so-called wealth and wealth are sought after insurance. If everyone can accomplish the same thing effortlessly, then there will be no profit at all.”

===
Originality is not easy.Welcome up.Click %中￥文#.com to support the genuine original novel "The Story of Dong Qiangqiang's Study in Germany".

(End of this chapter)