Dong Qiangqiang's Story of Leaving Germany

As soon as he came out of the library, Dong Qiangqiang first called the overseas Chinese and reminded him that he had sent the draft contract between the overseas Chinese and the domestic furniture dealer to his mailbox. The overseas Chinese could communicate at any time if he had any questions, and then rushed to attend the class.

According to the class schedule he set for himself: in the morning there is a small test class D, at noon there is a practice class for the small test class D, and in the afternoon there is a practice class for one subject in the advanced national economics exam and another small test class C.

The teacher, Qiang Qiang, had never learned the morning lesson in China, so he had no problem understanding it just like the first time he attended the class last year. But this time, he didn’t panic. Frustration brought experience. Not only did he sit in the front row, he was also early. The recorder is ready. Sitting in the first position precludes listening clearly. Another advantage is that even if you don't understand, you don't dare to be distracted in front of the professor, so you can only listen.

After the baptism of the last semester, he can now quickly adapt to professors who speak faster. Just when he was about to try the new Cornell note-taking method, the professor said that his class notes were mainly PPT, not handwritten on the blackboard, and everyone did not need to spend time distinguishing his handwriting. After class, he could download the notes from the official website of the subject. , focus on listening and thinking during class. The official website also provides contact information for professors and teaching assistants. Everyone is welcome to ask questions. There is also a supporting practice class at noon, and the course arrangement is reasonable and friendly.

The courses were so tight that Dong Qiangqiang didn't dare to eat at noon. He was afraid of getting sleepy in class in the afternoon, so he ordered whole wheat bread and a latte to kill his lunch.

The professor in the afternoon exam class does not provide PPT. The students sometimes concentrate on the class and sometimes write furiously. The professor's speaking speed and handwriting were not difficult. This time he used the Cornell note-taking method. Although he didn't know how effective it would be in the future, he felt that it was at least a useful attempt.

In addition to listening to the lectures, he also pays attention to another thing, which is to purposefully observe which Chinese and foreign students are studying the same course with him (especially the practice courses). Du Lan mentioned in his summary of his academic success that because there is no concept of classes in German universities, if you don’t observe during class, you will have no idea who your classmates are. When you need to borrow notes, borrow books, or form a study group later, You won't be able to start. Of course, this kind of observation and contact requires taking more classes and borrowing notes several times to make an impression, but it is not that urgent.

After class, he was not in a hurry to go to the library, but first went to the university gymnasium to sign up for a free sports interest class. This was still the advice from the top leaders at the Technical University of Munich: in your spare time, you must try to participate in free sports projects organized by the university. The reason for this is that the German school system is generally longer than that of North American and Commonwealth countries. Regular physical exercise every week can promote students' physical fitness, while cultivating students' perseverance, allowing students to better adapt to the high load of university. Intense learning. Secondly, it can increase students' interpersonal interactions, expand their social circle, and avoid psychological and physical diseases caused by studying hard.

Although it was the first day of registration, because Dong Qiangqiang arrived late, many interest classes were already full. Among the projects that were not yet full, swimming had to go to the swimming pool down the mountain, and kayaking went to the kayaking on the Moselle River. The club is a long way away, and Dong Qiangqiang neither wants to spend too much time commuting nor has too many choices. Lao Bai has always advised him to upgrade his driver's license and resume shooting training as soon as possible so that he can get the D book, gun license and gun ownership certificate as soon as possible. If he really has more spare time, he should get a few more certificates earlier. He ended up signing up for two events that were both held at the university gymnasium: indoor rock climbing and badminton.

After registering, he ordered a large meat bun at the Turkish kebab restaurant next to the gymnasium. He ate the meat buns while admiring the night view of the university while rushing to the library. When he reached the library, a meat bun was standing in front of him. Delicious and clean. He increasingly feels that eating in college is cost-effective, saving him the time of going to the supermarket to buy food, cooking and washing dishes at home, not to mention that the landlord prohibits him from cooking Chinese food at home. Anyway, his rent is cheap, so he can eat like this every day on weekdays. It doesn’t cost much.

After entering the library, he first completed a series of prescribed actions such as borrowing books, making copies, printing notes, and sorting out what he had learned throughout the day, and then immediately set about completing the tasks assigned by Duanmu.

What Duanmu is most anxious to ask for tonight is the option portfolio. Although last year's options trading brought huge returns to Dong Qiangqiang, he clearly realized that it is exciting to be rich and poor, but they will not be lucky every time. Rather than investing 100% in the high risk that brings high returns, he prefers to keep bullets in hand and maintain the liquidity of funds, so that he will not worry about the sudden changes in one of the factors of the market or listed companies, which will bring about the stock price and them. Without the pressure, he and Duanmu would not worry about gains and losses when the stock price moved in the opposite direction of the options they bought, and then make wrong investment adjustments because of worries about gains and losses.

In view of the fact that the life cycle of option products determines the issuance price and exercise conditions of options and other key factors, he started from the perspective of risk diversification and divided them into three months, six months, nine months, twelve months and fifteen months respectively. Different product life cycles, from loose to stringent exercise conditions, and from low to high exercise prices quickly divided the options provided by Duanmu into first, second and third tiers, and then listed the options that he considered reasonable. Different investment weights for echelons. He hopes that this combination can ensure that one or two options will be exercised every three months in the next year and a half, thereby achieving the goal of withdrawing funds as soon as possible.

Although Duanmuyan definitely plans to invest millions of euros this time, investing with other people's money is very different from investing with his own money. To put it harshly, if you lose your own money, you will lose it, and if you lose the investor's money, you will lose it. But you have to pay it back, not to mention that the money still belongs to Lao Maozi (Dong Qiangqiang has always been wary of Sergei), so he strongly suggested that Duanmu try to use Chan Chan’s own funds to invest this time. Chan Chan is now Although the amount of some funds cannot be compared with Andre and Sergeyla's money, it is still considerable. If Duanmu insists on investing the two people's money, he recommends not investing more than 20% of the two people's total funds. Always put risk control first. It is even necessary to allocate some put options for simple hedging to guard against eventualities.

The moment he finished writing the suggestion and put down the pen, he suddenly realized Duanmu's previous intention. If Lao Bai made money because of his recommendation, everyone would be happy, but if Lao Bai followed them and lost money, then of course, catching cicadas would be impossible. They lost money, but Duanmu and Dong Qiangqiang could afford it. What Laobai and Dong invested were investors' money, which was essentially Laobai's debt, which was equivalent to debt investment. If Lao Bai loses money, he probably won't even be friends with him, but if he doesn't say anything, although Lao Bai will hate him, he can still talk.

Dong Qiangqiang finally figured out at this time that he could not raise options with Lao Bai again. Under the current circumstances, the public's long position is speculative at best, but Lao Bai is taking desperate risks.

He no longer wanted to think about this issue that caused him to suffer mental internal friction, so he began to write an outline of the report.

In fact, he already had preliminary ideas when he went to Hamburg last time: in addition to continuing to write reports on the bullish public, he also wanted to write about Internet companies with good performance in the US stock market that he believed were likely to rebound. This time, Chanchan will not invest all his funds in buying bullish options from the public. In his opinion, it is not radical to make appropriate arrangements for Internet companies that have good performance but are dragged down by the US stock market.

Although he already had an outline structure in his mind, Dong Qiangqiang found that he had not considered it comprehensively enough until he actually started writing. Only then did he understand why Duanmu was so anxious: Duanmu had also gone through this stage, and he must have thought that once his studies were on the right track , reading time every day will definitely be indispensable, and the report will definitely take up a lot of his time and energy. If he doesn't write at the beginning of the month, he will definitely not be able to produce anything decent at the end of the month.

After finally giving two outlines, Dong Qiangqiang really didn’t have the brains to come up with any draft of the investment system. He had never been exposed to this part of knowledge and had no clue. Even if he was asked to make it up, he would need time to check the information first. He planned to let Duanmu First, send him their company's investment system for reference. If Duanmu wants to scold him, he will scold him. Anyway, he will definitely not be able to write a word today, so he will have to put it later.

Duanmu soon called him to have a heated discussion. Looking at the dense records on the course schedule, the thick stack of copied and printed materials, and the flashing K-line chart on the screen, Dong Qiangqiang couldn't help but smile bitterly. He definitely didn't have time to be depressed this semester. , if you are depressed, you should continue to study the public in depth. (End of chapter)