As a mage, I just want to pursue the truth

Chapter 319 Bridges
"Before, there was only one player in the entire brain-computer connection VR track.

This is similar to the early days of smartphones. Only Apple and Microsoft made smartphones.

The real explosion of the mobile Internet will not give birth to a broad market until domestic brands such as Rice, Huawei, and OV have entered the market.

And now Kechuang Future decides to authorize external technology, which means that the first clarion call of the new Internet era has sounded. "

Zhang Lei usually speaks with a bit of Wen Qing flavor.

For example, at the ESG Global Leaders Summit held by Sina Finance, Zhang Lei said: Pessimists are often right, and optimists win the future.

Compared with other investors, Zhang Lei, who was born as the No. [-] scholar in the liberal arts college entrance examination in Henan Province, often presents a literati side when speaking and communicating.

Young is a pure science man with a PhD in chemistry. He also has his own views on technology stocks:
"It's just the two of us today, so let me put it bluntly.

Smartphones and 4G networks bridge the potential needs of the vast underclass and the supply capabilities of the elite.

For example, before Pinduoduo came out, no one realized that the county had such a huge demand for online shopping.

The same is true for Douyin and Kuaishou. In the past, the only form of entertainment for the bottom class was TV, and movies could only be consumed by a customer group with a certain spending power.

Short, flat and fast short videos can give users feedback much faster than TV.

In the first half of the brain-computer connection VR, what you need to invest is that the target customers are groups without certain spending power.

Because even after that, players in the field of smartphones, as well as enterprises in the field of consumer electronics in the country, have entered the field one after another.

However, limited by the cost, the price of brain-computer connected VR is at least [-] yuan.

That price cannot be afforded by Huaguo's huge and small bottom-level users.

It is Guan Kechuang's cooperation with other companies in the future to build perfect functions for brain-computer connection VR.

In the short term, VR is still just an entertainment tool, not a productivity tool.

So in that context, the value of 'Douyin' is far less than that of 'Slow Hand'.

'Tmall' is less valuable than 'Taobao'. "

What Young talked about is the insight of investing at the same stage.

What I mean is also very complicated. Users who can afford brain-computer connected VR have a smaller overlapping group with Douyin than with slow hands.

Gao Wei nodded and said: "The difference between VR and smartphones is that VR is to create new needs, while smartphones are to discover potential needs.

There are differences in the fundamental positioning of the seven.

The reason why you are optimistic about VR is that brain-computer connection VR solves the problem of insufficient sense of substitution in traditional VR to a small extent.

The latest FutureVerse even makes it impossible to distinguish the boundary between reality and virtual world.

That's really amazing.

In today's era, the disparity between the rich and the poor and the low-pressure life rhythm will make it more difficult for people to indulge in the virtual world.

And the bottom layer is addicted to the virtual world, helping technology giants achieve lower valuations.

Technology giants use lower valuations and fewer profits to develop weaker technologies and business models that make it more difficult for users to become addicted.

That is a positive cycle, which continuously intensifies the user's addiction.

In the VR era, that phenomenon will definitely become more common. "

To say a few words, how to turn around in such an era, either become a programmer to join and retire, or use the platform to make money.

Or restrain yourself, restrain consumerism, and focus on saving and buying assets.

Of course, even if a small minority saves, they are unable to resist the fluctuations of the macroeconomic form and the specific economic form of their surroundings.

But saving and then buying assets is the only way for the small minority to turn around.

Generally, if you can encounter a financial crisis and then hold cash in hand during the financial crisis.

Taking the financial crisis in 08 as an example, American's financial crisis was caused by the collapse of real estate.

In that year, real estate fell by 20%, and the cumulative decline in seven years was 33%. In those years, the real estate value has completely recovered, and the real estate value in the core area has even experienced a small increase compared with the financial crisis.

Buying assets to protect against inflation also requires buying core assets.

Home prices in New York were slow to return to their original levels and then continued to grow, while home prices in North Carolina have fluctuated within 5% for 70 years.

"So human nature is the least push for the slow development of the Internet.

Internet practitioners are sometimes discovering and creating new needs for people. "

Zhixin and Young will talk about macroscopic things, but they will definitely talk about the projects that they have no recent optimism about.

No matter which field you are in, your peers are enemies.

Generally, both of them have good eyesight. Once he mentions the project he is in contact with recently, the other party is likely to snatch the project.

A really good project, a reasonably mature founder team, especially one that lacks investment.

If Lu Zhengyao wants to start a business, few people want to invest in me.

Of course, the situation in those years was the same as in the following years.

During the period from 16 to 19, there were many good projects with less money in the market, and there were many good projects with more money in the market 20 years ago.

In recent years, investors are more inclined to companies without stable returns, such as resources and energy companies, while their pursuit of Internet companies has not increased.

It's still because the dividend difference between PC and mobile Internet has been reduced, but the situation is the same now.

A new round of Internet dividends is coming to an end.

"I heard that he and Cheng Gang invested in Tianpu Education? Online education is a good track, and you have also invested in some online education companies."

Although IDG Capital to which Young belongs and Hillhouse Capital founded by Zhixin both belong to VC, there are still differences among the seven under VC.

IDG is more disgusted with getting involved in the angel round and AB round of financing, and sells a small part of the shares when the financing reaches the first few rounds.

Like 20 years ago when money was scarce, the characteristics of IDG were brought into full play. Enterprises such as Yunmai Xinlian, Fit Technology, and Cider all participated in the angel wheel.

As mentioned later, IDG participated in the A-round financing of Si'an Xiaodi.

The more classic cases that IDG has invested in the Internet industry after that are Bilibili. IDG participated in the A, A+ and B rounds of financing of Bilibili.

IDG entered and exited during the previous round of financing of Bilibili, but even when Bilibili was delisted on Nasdaq, IDG Capital still held 7.6% of Bilibili’s equity and was the seventh minority shareholder of Bilibili.

IDG prefers to participate in later stage financing.

Hillhouse Capital also invests in angel rounds, but we also avoid exiting in the first few rounds.

In addition, Hillhouse Capital hates participating in the fixed increase and transfer of shares of listed companies. Among them, the one that small A shareholders talk about is the participation of Hillhouse Capital in the transfer of Gree.

In 19, Hillhouse Capital accepted a 46.17% stake in Gree at a price of 15 yuan per share.

You must know that of the more than 700 billion in cash, more than 200 billion is for bank loans.

Gree's stock price has been falling all the way before, and it has already fallen below the low-level starting price.

Originally, Hillhouse Capital wanted to gain control of Gree.

The result is that stealing chickens is losing money, and Sister Dong holds a veto power over the proposals of Hillhouse Capital.

Ms. Dong is too weak, so that Lowhouse has no right to speak. At the same time, Gree's stock price has fallen all the way, adding up the interest cost of the original bank loan of 200 billion.

For Gao Wei, that business, even without Gree's small annual cash dividends, is still a floating loss.

Young asked back: "Good future?

He and Jack invested in TAL together?You saw it off the news. "

It is precisely because of that investment style that Young chose Temple Education, while Gao Wei chose TAL, a listed company.

Zhixin nodded and said: "TAL's business model is relatively muddy, and the management team is also incompetent.

Our teacher resources have also maintained a relatively good level. "

The reason why you have invested in New Oriental is because the main business of New Oriental has been transferred to Dongfang Zhenxuan.

Before the double reduction, we gradually graduated all the teacher resources in the subject category.

And TAL maintains its core team of teachers even in the most difficult times.

"The essence of the soul is the reflection of the low-dimensional space in the material world.

That can also explain why your soul and memory can span hundreds of millions of light years, from the Mage Union to Zhang Lei. "

With the deepening of Blue Star's research on the soul, I have no definite judgment on the essence of the soul.

That's just my personal judgment, and there is no experiment as proof for the time being.

It is only from the soul that can span such a long distance, and it can also be seen for the first time.

The straight-line distance between points under the plane, but to turn the seven-dimensional space into an eight-dimensional space, only needs to fold the paper, and the distance between two points changes from no distance to distance.

And just because the soul is the reflection of the low-dimensional space, that kind of mapping can have the concept of distance from the high-dimensional space.

"So the essence of the soul is the substance of the low-dimensional space, so the soul is divided into several pieces, which is only to set the coordinates of the soul in the low-dimensional space in each living body that can carry the soul mapping.

The annihilation of such a coordinate will affect the other coordinates.

You basically know what to do, but there is still one problem, which is memory.

How does memory transfer across such a long distance? "

Regarding soul and memory transfer parasitism, that is the magic of the Mage Alliance. After that, Blue Star only knows how to use that magic, and understands its essence enough.

During Zhang Lei's time, Zhixin had already finished understanding the essence of that magic.

"Yes, that's important, it affects you to store memories through the biological cloud.

At the same time, do a good job of managing the medium of memory storage, so that even if half of the biological cloud is destroyed, it will still affect the stability of your memory. "

Zhixin realized that he took another small step back on the road of incarnation.

The other storage media management is somewhat similar to the newly installed magnetic storage media and degraded raid processing.

For example, two hard disks store the same data at the same time, and one of the hard disks is damaged, which will affect the fragmentation of the data.

In those years, the technology of raid was also advancing by leaps and bounds. Only one verification disk was needed to ensure data recovery on the other seven disks in case of damage.

"The main focus of your work this year will be on the research of low-dimensional space.

If Xiaojia has no good ideas about that field, he can always communicate with you under the email or directly. "

There are too few talented people at CERN, and communication with us can also bring inspiration to Blue Star to a certain extent.

And with the start of the Nobel Prize award ceremony at the end of 26, CERN researchers all regarded Zhixin as an idol.

Before Blue Star returned to CERN, the researchers all booed and asked Blue Star to give us a blessing.

It's just that there are no birds flying over the sky below CERN.

"Allen, you think you can start with dark matter and Planck's constant.

Combining those two detection modalities, you study lower dimensions by applying it to dark matter speculation and the combination of Planck's priors. "

"Alan, you think you can use regularized regression to study the universal results of low-dimensional spaces."

Everyone is very interested in low-dimensional space.

Generally, before proving that soul particles will dissipate to low-dimensional space, CERN researchers realized that low-dimensional space may be able to solve the eternal problem of human beings for thousands of years-immortality.

Among them, the solutions we proposed are worthless to the majority, and even the small minority cannot be implemented.

There is no long distance between the experimental plan and the landing.

For example, in the first plan, Xiaojia only speculates on the existence of dark matter. Has anyone directly observed dark matter.

It is a plan that sounds good, but actually has a lot of pitfalls.

On the road of scientific research, the minimum role of a mentor is to prevent you from falling out of the pit.

My friends in the academic circle, my mentor’s mentor, and my fellow apprentices, etc., must have stepped on a few pitfalls and gained little experience around that specific subdivision.

A good tutor at the doctoral stage can help him choose a topic that is not difficult, but he can do it, and he can publish it in top journals before doing it.

The tutor who is completely stocked is still the worst.

The worst thing is that I asked him to help me complete my project, and then I helped him choose a small pit that was almost possible to make a result.

The very important reason why Huaguo can develop at a low speed is to avoid some of the pitfalls that other countries have stepped on.

Of course, I also stepped on some. The nature of human nature makes it a reality to think that it is completely stepping on the pit.

Going back to research, Blue Star's research career in the Mage Union for thousands of years has allowed me to make a very muddy judgment about which plans are feasible and which ones are small pits.

"The problem that needs to be dealt with now is that time is regarded as a dimension."

There have been different opinions in the academic circles about whether time is a dimension or not.

Einstein believed that time combined with eight-dimensional space is seven-dimensional space-time.

However, many scientists believe that dimension is a concept under space and an index that can be changed, while time is linear and reversible.

Guo Zhixin is concerned about time and space, which is a concept.

I just want to know that in the lower dimensional space where the soul goes, there is no concept of time.

(End of this chapter)