Consumer God

Chapter 195 Value Investing

There is no doubt about Liu Minghao's subtle flattery to Han Lie.

He's just a trading team leader, and Mo can find a lot of targets, but he chose a woman with peak beauty.

No careful thought, just a coincidence?

How can it be!

Maybe it's because Han Lie's personal assistant Liang Wu is too beautiful and has a domineering figure, so Liu Minghao and other shareholders have misunderstood.

But in fact, Brother Lie is really not that kind of person...

If it weren't for the emergency, Han Lie would have to pass Jiao Fangyan and show them a male subordinate.

now...

There is no other way, the operation will start on Monday, let’s make do with it~~~
Han Lie used the last sentence to finalize her joining: "The monthly salary is increased by 20%, and all other benefits are compared with CITIC. I will report to the company tomorrow, is that okay?"

Jiao Fangyan got up and bowed: "Very satisfied, Mr. Han."

Then he extended his hand to Liu Minghao: "Then, please take care of me from now on, Mr. Liu."

"No, I don't care about the company's affairs. You can call me Brother Liu, Liu Lu, or Lao Liu."

Liu Minghao said that he didn't care about anything, but he took out a contract from his bag and filled it out on the spot.

"Come on, Teacher Jiao, let's confirm your treatment."

Jiao Fangyan didn't hold back at all, and discussed with Liu Minghao one by one in front of Han Lie. Her attitude was not aggressive at all, but she asked very detailed questions.

This is a serious attitude, which made Han Lie feel better and better about her.

While chatting, Lu Shuli, who was serving the tea bureau, became sore.

I really don’t know if I don’t listen to it, my brain is buzzing after listening to it.

The salary of CITIC traders is composed of four aspects - basic salary, fee return, profit commission and benefits.

But Jiao Fangyan is in the self-operated department, does not manage customers, and operates the company's own funds, so there is no fee refund in the first place.

When it comes to Zhongcheng, there is no such thing, so let’s skip it.

Her basic salary in CITIC is 35000, directly increased by 20%, and now it is 42000.

Eighteen salary per year, 75.6 annual salary.

Liu Minghao prepared a special clause for her: During the three-year contract period, according to the year-end performance, the salary will be increased by 5% to 20% every year.

If it is always full, her monthly salary will be 3 in 72000 years, and her annual salary will be 130 million.

In terms of welfare, there are heatstroke prevention and cooling fees in summer, heating fees in winter, festival fees for every important festival, clothing fees every year, transportation subsidies, telephone subsidies, and housing subsidies.

At her level, the total is around 15.

Accordingly, she does not get paid vacation.

On all holidays, as long as the stock market is closed, traders do not have to go to work. There are more than 100 days of vacation each year, so they no longer take separate vacations.

People who haven't experienced it can't imagine how comfortable a state-owned securities company is.

The five insurances and one housing fund are paid directly according to the top price. In this way, her use cost is just over 100 million a year.

That's what a good trader is worth, and it will keep getting worth more.

In terms of commission, CITIC gave her 20%, and Han Lie also gave her 20%, and divided her commission into two parts——

First, the cost space of instruction operations.

For example, for a stock, Han Lie's order is to build a 10% position below 10 yuan, the final cost is just [-] yuan, and it is expected to be held for one to three months.

During the holding period, if there are no major changes, Han Lie will not make any further troubles.

But Jiao Fangyan can do T+0 and other band operations on stocks according to his personal understanding.

When it was about to be sold in three months, the position was still 8%, but the cost price was achieved at 2 yuan. In fact, it had already made a profit of [-] yuan per share before it was sold.

Jiao Fangyan can get 2% of 20 yuan, that is, 4 cents per share.

That doesn't sound like much, but what if the number of shares held is 2400 million?
That's a full 960 million!
Of course, such an ideal operating situation is not common, and requires extremely high skills and an extremely stable mentality.

In case the project collapses and the cost is raised to 12 yuan, the loss of 4800 million yuan will also be accumulated and deducted.

Second, the profit commission of independent operation.

Zhongcheng's total capital is 4 million yuan, Han Lie can control all the funds, and Jiao Fangyan can control part of the funds.

The exact amount is subject to discussion.

With the increase of trust, the authority will also increase, and it will not be a big problem for her to control hundreds of millions in the future.

This part of the funds can be operated by Han Lie when she has no major operation plan.

If you make money, you get a profit commission, and when you make a loss at the end of the month, you will be downgraded and downgraded to reduce your accumulated losses. Every company has different regulations and practices in this regard, and Han Lie followed the trend.

On the whole, Han Lie's treatment for Jiao Fangyan is top in the industry, and the fixed cost alone is very high.

Moreover, Han Lie has to take on the responsibility of half a teacher. Explaining the operation idea is the foundation, and answering various questions and consultations is the meaning of the question.

There is no way, with the scale of Zhongcheng, even if you want to give a high salary, you can't find a reliable person.

He could only use Han Lie's fame and strength to sell himself.

So Liu Minghao actually did a very good job. He sold to the right person and hired a most suitable assistant for Han Lie at the lowest cost, freeing Han Lie from his daily operations.

The last thing Han Lie needs is a master who has a lot of ideas of his own. No matter how smart you are and how you understand the market, can you compare with my foresight?
On the contrary, Jiao Fangyan, who can accurately execute orders and maximize profits from transaction details, is Han Lie's natural choice.

Liu Minghao is worthy of being the top lawyer in the red circle, and his work is too reliable.

Han Lie was very satisfied, and took the initiative to express his concern to Jiao Fangyan: "Manager Jiao, do you have any thoughts on the contract? Let's just say, we are short on time, so we will try to talk about it thoroughly today."

"No, I can sign anytime."

Jiao Fangyan stretched out her hand to tangle the hair around her ears, and made a career-related decision with a feminine gesture.

Liu Minghao handed the contract to Lu Shuli: "Little Lu, go, make three new copies according to the revised content above."

Then he turned his head to Jiao Fangyan and said with a smile: "Today's work is finished today, and when I arrive at the company tomorrow, Lao Zhao stamped the official seal and it will take effect."

The great beauty Lu Shuli hurried out, not knowing where to find a typing and copying agency.

Jiao Fangyan was very embarrassed: "There's no need to be in such a hurry...Look at you making this little girl around."

"You have such a personality. Fortunately, you didn't do anything else. You became a trader."

Liu Minghao laughed loudly, deliberately revealing the fact that he and Jiao Fangyan were very familiar, obviously telling it to Han Lie.

Click to stop, what to talk about next.

"You are different from us. Your work is particularly independent, and the bond effect of relationships and the dominance of power are very weak, so there is no need for external expansion and attachment.

Our industry is not good enough. Interns and assistants are doing odd jobs for their superiors, and they are also ready to do odd jobs.

If I don't take her with me and don't let her work, she will feel uncomfortable instead.

This is also a kind of exercise! "

"You have always had so many fallacies, I can't explain you."

Jiao Fangyan smiled, and then took the initiative to explain to Han Lie: "Liu Lu's lover is my senior sister from the same school. We get together twice a year. He suddenly called me and asked me if I wanted to work with you, which scared me. Jump."

An attitude is very good, and he can put himself in a good position.

"Don't call you, just call me by my name."

Han Lie smiled back and said in relief: "Abiding by trading discipline at work, we are all friends in life, Lao Liu and I get together more than twice a year."

This sentence is too level, Jiao Fangyan is a girl with a clear mind, she was immediately startled and her head trembled.

For a moment, she couldn't tell whether it was beating or opening.

The main reason is that Han Lie is too young, and his current level of stock trading is enough to be evil. How could he also have such a terrifying city and emotional intelligence at the same time?
She is skeptical.

But what if it really comes with a knocking reminder?

She was a little hesitant, so she didn't know what to do next.

Liu Minghao had more and deeper contact with Han Lie, and he didn't dare to underestimate this boy who will be half his age.

Immediately took advantage of the opportunity to express his position: "Yes, work is work, life is life, and there is no need to separate them too much at ordinary times, but the core scope must be clearly defined, otherwise the two will be a mess. I have seen too many cases in my work, and I am deeply touched. !"

The language is very cryptic, like the emotion of chatting, but the attitude is clear to the ears of the caring people.

Jiao Fangyan finally understood, her heart awed.

Liu Minghao handles all economic cases and is highly related to the financial industry.

The case has been brought up to discuss the matter, which is obviously a reminder and a confession.

Confession to Han Lie: I have professional ethics, I can control my own desires, and I can correctly distinguish between public affairs and personal feelings.

Be very careful...

What magical power does Han Lie have to make Liu Minghao treat him so seriously?

Jiao Fangyan was puzzled, curious, and at the same time reaffirmed the professional discipline.

The transaction manager of a large fund is a very sensitive position, and each operation involves hundreds of millions or even billions of funds.

However, the money managed does not belong to them, and no matter how much they earn, they only get a commission within the scope.

If you earn more and get less, your mentality will easily become unbalanced.

If greed cannot be controlled, it is extremely easy to give birth to risky behavior.

Although there is monitoring in the trading room, no communication equipment can be brought, and no documents can be brought out, but stock trading is different from foreign exchange and futures speculation. Stock trading with large funds is a very long process, and it is impossible to keep closed operations.

So there are many opportunities to do things.

For example, if we want to build a North-South car next year, the trading manager has all the account opening information, can confirm Han Lie's determination, and also knows the approximate target price. The information is almost transparent to him.

So when I got home from get off work, I discussed with my relatives, and found an irrelevant account to follow the operation. How much money I made was my own pure profit.

This sort of thing is almost inevitable and one can only hope for the work ethic and awe of the trade manager.

It doesn't matter if you make small troubles, but if you set up a mouse warehouse with tens of millions or hundreds of millions, it will be equivalent to Han Lie working for others for nothing, and it will even affect your own profits.

Liu Minghao is rich and powerful, Jiao Fangyan's position is crucial, and the two of them have a personal relationship, so they have to beat each other from time to time.

A wise man never tests humanity with money.

Hello, hello, hello, everyone, in a daze, that is irresponsible to everyone.

You act like a fool, but you expect others to be unreasonable, to treat you with sincerity, and to turn a blind eye to the windfall profits at your fingertips. Is it realistic? !

If you are a bully, someone will definitely bully you, there is no accident.

To show that you are not easy to mess with, keep beating, and the alarm bells will keep ringing.

In this way, if someone messes with their minds again, it is purely because Li Lingzhi has fainted, and they will be sent directly to pull them down, and no one will be dissatisfied.

……

After that, the three of them mostly chatted. Han Lie would not tell Liu Minghao about operational matters, nor would he ask.

Then, we can only try to expand the topic outward and find a common language.

In fact, it's quite difficult. Three people in three age groups, with too much difference in experience, personality and hobbies, can only talk about the market in the end.

Liu Minghao chatted with Han Lie in his arms and asked about value investing.

Jiao Fangyan took the initiative to pour tea for Han Lie, then rested her chin and waited quietly, looking forward to Han Lie's good opinion.

"All the value investing theories on the market today are bullshit."

Brother lie fired as soon as he came up, and his words were not surprising.

但他有理由，是16年、18年、20年、22年、25年反复跌出来的真知灼见。

"True value investing doesn't look at any performance, industry prospects, CITIC research reports, or various indicators advocated by experts.

There is only one real value investment - wait.

The market is a cycle that goes back and forth, and there is nothing new.

A true value investment master does not need to be too professional at all, no matter how powerful he is, but he must be able to endure loneliness.

Hold a large amount of cash and wait for three, five, or eight years. At the end of the cycle, when the market falls to the point where leeks collapse and cry, and all blue-chip and white horses are killed by mistake, the real opportunity for value investing will come.

I feel that the secondary market is not fun, so I go directly to buy companies, houses, and antique jadeites...

At that time, cheapness was everywhere, and countless greedy people would lose everything in the crisis because of their risk.

Not to mention, in the 08 economic crisis, how many people sold all assets that could be sold at a [-]% discount?

Economic crises never depend on personal will.

Similarly, every crisis also contains great opportunities.

When the whole industry is booming, what value investment do you and I brag about?
You are the only smart person in the world, and you are the only one who sees the value of Pain, Google, and Apple?
When the tide is high, no matter how smart people are, they will not be able to make excess profits. Only when the tide is low, we find out who is swimming naked, can we loot all his belongings on the shore.

So what is real value investing?
It is to leave the market at the peak, hold cash and wait patiently, laughing at the crisis without discrimination.

Wait five years, hold shares for one year, and then wait for the next reincarnation.

People who are not smart enough, who cannot make money in the market all the time, the only way to get rich is to quadruple their assets every six to eight years. "

"Clap clap clap!"

Liu Minghao clapped vigorously, his face flushed slightly.

"Wonderful! High theory! I've been taught, I've been taught!"

He is not all acting, but really rewarding.

In Lao Liu's business, he can always come into contact with clients who are bankrupt or close to bankrupt, so he has already formed a fixed set of cognitions, but he has never summed it up as well as Han Lie.

"I usually hold a large amount of fixed assets, and feel that cash is too insecure, and then cash out some when there is a crisis, and make some cheap dishes piecemeal.

Now it seems that the efficiency is not high, in fact, it is quite unnecessary..."

Old Liu talked endlessly about his personal insights, showing uncommon excitement.

The three chatted a lot on this topic, deepened their understanding of each other, and collided with each other a lot.

Until Lu Shuli came back with the contract, Jiao Fangyan signed it, ending today's meeting.

Han Lie was in a hurry to catch up with the next game. The vice president of CITIC's brokerage business asked Han Lie to drink flowers and wine through Lao Zhang, not only to talk about the PB system, but there may be other meanings.

Therefore, Lu Shuli wanted to send him off, but Han Lie refused.

What do you mix with flower wine!
But Liu Minghao's IQ suddenly dropped, so he had to continue to persuade: "You can't drink without anyone to take care of you. Let Xiao Lu accompany you. I see that Liang Wu didn't follow you when you came?"

Facing Lao Liu's meaningful eyes, Brother Lie realized it.

Could it be...

There is nothing wrong with it, brother is just not very good at rejecting other people's kindness.

So Han Lie took a leisurely ride in the taxi called by Lu Shuli.

******
I was too busy yesterday, and I was sleepy and tired. I didn't sleep well for two or three days.

Writing such a chapter on this occasion is also a reminder.

In 19, I told everyone to hold cash as much as possible and not invest indiscriminately. 20 years just happened to be a beautiful bottom.

The current situation is similar, the world is in chaos, and danger breeds opportunity. I wish everyone can be sober and self-sufficient, and get rich as soon as possible.

(End of this chapter)