The investment era of rebirth

"There's nothing wrong with optimism!" Su Yu said, "The turning point of the market often occurs when everyone is most pessimistic. At present, most investors are already pessimistic about the future. If the future economic and financial The market is still bad, and that’s just in line with expectations.”

"However, if the market reverses in the future, people's confidence in their expectations for the future will return."

"Then, the optimistic layout at this time will be able to reap considerable excess profits in the future."

"in my opinion……"

Su Yu paused, and continued: "In addition to some analysis and judgment on basic logic, investment is still a game of human nature. Pessimism and optimism are often the two poles of fear and greed, and they are really caught in the emotions of human nature." , it will be difficult to make correct investment judgments.”

"Well!" Xie Wanting replied, "That's true, and now that the development of the Internet, the convenience of everyone's access to information, and the fear and greed of the market have also been magnified in disguise, I have only now truly understood Balao. The meaning of the saying 'When all are fearful, be greedy; when all are greedy, be fearful'."

While the two were talking, the waiter had already served the dishes.

Su Yu glanced at the dishes on the table, and saw that most of them were Sichuan dishes, while there were not many dishes of other northern cuisines, and his heart was slightly touched.

"Oh, right……"

Xie Wanting thought for a while and said: "Your company is developing so fast, do you think about developing into a public offering fund in the future? If you can convert your private offering business into a public offering business, the threshold for fundraising will be lowered. I think your capital Regardless of the scale, it may not be difficult to break through [-] billion in the future."

Su Yu replied: "I have no plans for the time being. In my opinion, as an asset management company, performance is far more important than scale!"

"Of course." Xie Wanting said with a smile, "In business operations, the most important thing is credit and word of mouth. For fund companies, if they have performance, they will naturally have a good scale."

Seeing that Xie Wanting can understand everything no matter what, Su Yu admired her intelligence very much.

"I see this year's private equity performance rankings in the industry. A fund managed by Ms. Xie has also broken into the top 20." After thinking for a while, Su Yu found a topic, "I feel compared to the last meeting, thank you Miss has made rapid progress in terms of market awareness and trading operations."

Xie Wanting was very happy when she heard Su Yu's praise, she smiled and said, "Speaking of which, it's thanks to you that I can have such a performance."

"Thanks to me?" Su Yu was a little puzzled, "How do you say that?"

Xie Wanting was silent for a while, and then talked about the trading ideas of following his trading traces and following the trend.

After Su Yu finished listening, he couldn't help but chuckled, and said, "Miss Xie has put her heart into it. I thought that I had tried my best to avoid the traces of opening and closing positions on the board. I didn't expect... I still didn't escape Miss Xie." Sure enough, after the amount of funds is large, it will not be so easy to deceive people."

"I'm just replaying and guessing." Xie Wanting said.

Su Yu responded with a smile: "However, your guesses are basically correct."

"That's because you actually...sometimes, you want to use your position on the Dragon and Tiger List to remind everyone." Xie Wanting said, "Otherwise, I really wouldn't be able to catch your trading traces."

Su Yu responded: "I'm not as selfless as Miss Xie thought. Fund seats have appeared on the Dragon and Tiger List several times on a large scale, mainly because I was eager to get out of positions. I didn't intend to remind anyone. Moreover, I am in a financial transaction In the market, no one thinks that the direction of their trading is right."

"Really?" Xie Wanting looked at Su Yu with a smile, and didn't really believe what he said.

Su Yu coughed lightly, and said: "In the financial trading market, cognition is the source that determines the final profit and loss, and a person's cognition, even if it is influenced by other people, is difficult to change in the short term, so there is a stock market. "A man can only make as much profit as he knows."

"So, in the transaction, intentionally remind the other party of the buying and selling opportunity."

"A stupid thing to do, actually."

"I don't do such thankless and stupid things, and I don't use my seat influence to deliberately remind me. The various interpretations in the market, in my opinion, are just over-interpretations."

Xie Wanting thought for a while, and felt that what Su Yu said was not unreasonable, and replied: "It's true, the profit and loss come from the same source, and even if you make a profit beyond your cognition, as long as you continue to invest, continue to invest in this business." Internal trading, sooner or later you will lose money based on your cognition, this should be called 'money earned by luck, sooner or later you will lose money based on your strength'?"

"Well!" Su Yu nodded, "No matter whether it is a bull market or a bear market, no matter whether it is the stock market, the futures market, the foreign exchange market, or other financial derivative markets, the essence of the '[-]th Law' has never changed, so I think... In fact, ordinary retail investors who do not know much about this industry, or do not have a deep understanding, are not recommended to step into the financial market and conduct independent transactions, because within their cognition, the effect of losing money is too strong. "

"However, the transaction itself has the nature of a game." Xie Wanting said, "And with the nature of a game, there must be a gambling psychology. For many retail investors, they don't care about economic trends and expectations at all. The so-called investment logic such as trends, you only need to gamble, anyway, in the financial trading market, all products, in addition to rising or falling, there is no third choice."

"And if financial transactions are regarded as gambling again and again."

"Everyone doesn't have so many scruples."

"I think this is also the reason why A-share retail investors have been able to dominate, and short-term speculation, chasing ups and downs has always been the main line of the market."

"Taking transactions as gambling is actually an immature performance of the market." Su Yu said, "Of course, such an environment and such a situation cannot remain unchanged in the future. Gambling, with limited capital and unlimited times Under the circumstances, the final profit may actually approach zero.”

"When everyone finds out that you can't make money in the market."

"Then, either you don't play, or you give your money to professional people to invest."

"Of course, the process of waiting for the market to mature is cruel and long, but in any case, the trend of gradual decline in the proportion of retail investment will definitely happen, and the continuous growth of domestic asset management scale will also definitely happen. of."

"Yes!" Xie Wanting replied, "I agree with this point."

The two of them chatted on and on, from the future investment direction, to the development of the financial market, to the trading model, investment experience, and the prospect of the asset management industry... As the topic continued, the relationship between the two of them was slightly different at the beginning. The feeling of unfamiliarity gradually faded, and there was a relaxed and casual feeling.

Of course, no matter Su Yu or Xie Wanting.

In addition to some common topics that each other can talk to, the two still maintain a tacit understanding on some sensitive topics that may cause embarrassment to each other. Neither of them mentioned a word, maintaining a certain sense of distance.

Just, by accident.

When Xie Wanting tried a few mouthfuls of the spicy Sichuan dishes she specially ordered for Su Yu, she was sweating from the heat, and briefly took off the down jacket she was wearing outside, revealing a swan-like snow neck. Su Yucai It turned out that what Xie Wanting was wearing today was the water blue necklace he gave her as a birthday present.

And until this moment...

Only then did he seem to realize that the girl in front of him should have some affection for him.

"No, it's too spicy." Xie Wanting didn't notice the slight change in Su Yu's gaze for a moment, but felt her tongue was burning. She hurriedly took a sip of tea, and then raised her head and asked Su Yu, "I'm too sensitive , or is Sichuan food so spicy?"

Su Yu noticed the fine sweat dripping from her forehead, recovered his senses, and said with a smile: "There are also non-spicy ones, but the taste of this store may be the spicy one. Of course, there are also some that Ms. Xie has been living in. In the north, I seldom try this kind of cuisine, because the taste is more sensitive."

"next time……"

Su Yu paused: "If there is a chance, and Miss Xie wants to try it, I will take you to taste some authentic Sichuan dishes that are not so spicy."

"Okay!" Xie Wanting smiled slightly, "Then it's a deal!"

Su Yu nodded slightly and didn't say much.

And then, Xie Wanting's topic obviously began to shift to the direction of life, asking about some interesting things about Su Yu when he was studying, and at the same time talking about a lot of what he had seen and heard when he was studying abroad.

Su Yu looked at Xie Wanting's happy face, but now he had many worries in his heart.

In the end, under the change of their moods, they walked out of the hotel together around 2 o'clock in the afternoon.

"I'll take you back!"

Seeing that it was already raining lightly outside, Su Yu turned around and took two umbrellas from the front desk of the hotel, and handed one to Xie Wanting: "Look at the weather, I'm afraid it will rain heavily later."

Xie Wanting took the umbrella and did not answer directly, but turned to Su Yu and asked, "Do you have any other arrangements for this afternoon?"

Su Yu hesitated for a moment, and said, "There's nothing else important, but Mr. Xu from Minghui Capital said he wanted to talk to me about cooperation again."

"Oh!" Xie Wanting felt a little lost when she heard Su Yu say this, and said with a smile, "Then you won't delay your business, I'll take a taxi back by myself, my aunt's house is some distance away, you can see me off, back and forth If it takes a lot of time, since it's a matter of cooperation between the two parties, then you can't make Mr. Xu wait too long because of me."

After finishing speaking, Xie Wanting didn't wait for Su Yu's response.

Opening up the umbrella, he walked into the rain and stopped a taxi by the side of the road.

Su Yu looked at Xie Wanting's back in the rain, and wanted to say something, but when the words came to his lips, he swallowed them back. In the end, he only asked Dai Lingna to send Xie Wanting back, while he took a taxi by himself and returned. hotel.

When he returned to the hotel, there were already a lot of people in the reception hall.

Representatives of many well-known investment institutions at home and abroad, as well as many interested people in the business world who want to make connections and squeeze in, are gathering in twos and threes in the hall at this moment, chatting lively.

Su Yu was thinking about Xie Wanting's inner thoughts about himself and how he should deal with this girl. For a while, he didn't have the heart to chat with representatives of these institutions. He was about to go through the crowd and go back to the hotel room to rest for a while. At that time, a middle-aged man with a strong figure, a suit and leather shoes, white skin and a beard suddenly blocked his way, and stretched out his hand to him with a smile, and greeted him actively: "Mr. Su, I have known you for a long time!"

Hearing the voice, Su Yu came back to his senses, hurriedly raised his head and looked at the other party carefully, reached out his hand and shook the other party briefly with some doubts, and responded, "Your Excellency... We don't seem to know each other?"

"I am the president of Huaguo District of STG Investment Agency, Blanche Laurent." The middle-aged man said, and handed Su Yu a business card, "Mr. Su invests in the Huaguo financial market, the secondary market Come on, it's amazing!"

Su Yu took the business card, glanced at it, and found that he had no impression of the investment institution STG in his mind, so he couldn't help but said lightly: "Thank you Mr. Blanche for the compliment, sorry, I still have something to do, when I finish my work, I have a chance How about communicating with Mr. Blanche carefully?"

After speaking, Su Yu accepted the business card and continued to walk forward.

Seeing that Su Yu was about to leave, Blanche Laurent hurriedly said: "Mr. Su, our STG has a project in Huaguo, and we want to cooperate with Mr. Su..."

"Sorry, I'm not interested." Before the other party finished speaking, Su Yu refused.

Blanche Laurent didn't expect Su Yu to refuse without even asking, and was a little dazed for a while.

"Boss Su is not interested in making money anymore!" Following the voice, another figure appeared in front of Su Yu.

Su Yu looked up, and saw Liu Guanhai, the manager of Yinghui Fund who he had met at the Yanjing Fund Industry Summit before, was standing in front of him with a glass of red wine and a smile.

"Hehe..." Seeing that it was him, Su Yu sneered slightly, and said, "If Mr. Liu is interested, you might as well talk to Mr. Blanche directly."

"Our Yinghui Fund does not do venture capital business in the primary market." Liu Guanhai said, "Unlike Mr. Su, we want to catch everything and want everything."

Su Yu replied: "Mr. Liu said this, I'm afraid it's a bit lacking. Everyone knows that the financial trading market is profitable or losing, it all depends on the ability. The net value of your Yinghui Fund at the end of the year has declined rapidly. It seems that I can’t be blamed for returning with a feather and leaving the scene with a cut of flesh, right?”

"When did I say that the poor performance of our institutional funds has something to do with Mr. Su?" Liu Guanhai responded, "I'm afraid Mr. Su takes himself too seriously?"

Seeing that this guy was looking for faults purely, Su Yu snorted coldly, and didn't bother to pay attention to him, and was about to bypass him.

At this time, Blanche Laurent, who was behind him, spoke again after being rejected by him.