big financier

Chapter 221 Rational Analysis

"I see, Master, that's what I said. After all, with you behind me, I will have a lot less worries." Zhang Feng explained.

Pei Guangqian looked at her and said, "Okay, don't explain, I believe you have nothing wrong with you."

"Then I'll go out first."

Zhang Feng left Pei Guangqian's office, but she quickly found Ying Jiashan.

Taking advantage of this short time, Pei Guangqian boiled water and made tea in the office.

Ying Jiashan also brought a pen and a notebook, which looked decent.

"Don't be so serious, it's not too important to say, and you don't need to memorize what I said, just understand it."

"Okay, Director Pei." Ying Jiashan said and put away the things.

"Jiashan, what do you think is the chance of winning by shorting the technology sector?"

Ying Jiashan was asked, he scratched the back of his head, and said: "I think it's a bit tricky at the moment! 5G construction is still in full swing, not to mention this, the concept of digital currency is also very popular now, technology It also played a role in it, and this work was led by the leaders, besides, the central banks of various countries are also promoting this concept.”

"Digital currency can't make any waves. Where can it go? Last year, I let Zhang Feng leave from there. To be honest, it was much lower than my expectation." Pei Guangqian said.

Zhang Feng added: "I did the math. Our income at that time was 15% higher than other Shanghai and Shenzhen indexes, but compared with new energy, it was a full 20% worse, and compared with those pro-cyclical In terms of industry, it’s still a little bit worse.”

"There is no way. There are not many companies that really benefit from this sector. It is just a concept that other peers are not very optimistic about this sector before. Therefore, it is very timely for us to withdraw."

Ying Jiashan thought for a while, and then said: "Then should we short semiconductors or computers?"

"The question is on point. I don't know if Zhang Feng communicated with you. We didn't do it blindly. After all, I want to do it for Longxin Capital."

"Isn't that good? We haven't established a solid foundation yet, so we want to challenge our peers?" Ying Jiashan said.

"This question is not your consideration." Pei Guangqian was very uncomfortable when he said it.

Is he that unbearable? This Yingjiashan is also outspoken.

"Sorry, Tony, I am a small person, so my views are inevitably a bit irrational."

"Hedge funds, if we don't short other people's targets, what are we called hedge funds? The situation of quantitative funds has been great in the past two years. According to the practice of our stock market, they should also come to an end, so the next step is when our hedge funds perform. .”

Pei Guangqian wasn't angry, and he really should teach some of them, hoping it would have the desired effect.

"It's not impossible to short semiconductors. Don't always look at those data. The few funds that have been raised in the public offering have not performed well for more than a year. The main reason is that they live by collecting management fees. As far as the current situation is concerned, as long as they can Guarantee a certain scale, and they will make money."

"We are indeed different from them in this regard. We have to really rely on profits to survive. No matter they lose money or lose money, they can always receive management fees. If a concept can no longer be played, they will change to another sector and re-issue a new one. Fund." Ying Jiashan said.

It's the same old tune, but since it's going to be laid out in this way, Pei Guangqian will of course analyze it from beginning to end.

Pei Guangqian took Ying Jiashan's words and said: "In the past, there were new funds issued for semiconductors, and the scale was very large. It seems to be close to [-] billion. To put it bluntly, this wave of market prices is also the effect of their money. In the current situation, it is not good. There may be new funds issued. Besides, technology companies have low profits, do you know why?"

Zhang Feng wanted to say something, but she hesitated for a moment before she said, "Is it because the technology of the technology sector is changing too fast, and there is no way to do it once and for all like other industries."

"What you said is a point! I think the main reason is that the market is too big and the profits are big enough, and individual companies lack core competitiveness like leading companies in other industries, and some even There is no brand, and if you keep selling products for the sake of selling products, how can there be a big profit margin!" Pei Guangqian said.

"Technology is shared now, it's hard for one company to dominate, and we are the largest manufacturing market here, and we pay attention to speed. Everyone just wants to transfer money seriously, and who cares about the future!" Ying Jiashan said.

Pei Guangqian sighed, and said: "After all, it takes a monopoly company to create a big market. You can see that the liquor industry is like this. There are not many really good companies, and their classification is also very clear. Different brands focus on different brands. level of customers. Only in this way can we add water to grain worth more than ten yuan, and share a little marketing expenses, and sell it to hundreds or even thousands. There are also many small workshops that make their own pure brewing, but they just can’t sell it. The price will be raised, but the profit will not be low."

"Tony, I understand what you mean. There are indeed many problems in technology companies. If you think this is an opportunity, then we will boldly let it go." Zhang Feng was anxious to express his position, after all, the words have been made so clearly up.

If Pei Guangqian wasn't sure, he wouldn't have called the two of them here.

No matter what company he chooses as an opponent, as long as he follows the general trend and abides by the rules, then who is right and who is wrong will ultimately be left to the market to decide.

"I have a hunch that we will definitely win. As for the reason, I have said it just now. If our analysis and judgment are correct, then whether we can succeed in the end depends on everyone's efforts." Pei Guangqian took a sip of tea, slowly said.

This can be regarded as cheering for the two of them.

Ying Jiashan said: "Pei Dong, don't worry, I won't let you down anyway."

"By the way, I've been talking for a long time, but I forgot. I'll leave all the specific matters to you this time. Since you are so confident, then I can rest assured." Pei Guangqian was very satisfied with Ying Jiashan's performance.

Ying Jiashan looked at Zhang Feng and said shamelessly: "This is my honor. I have studied and practiced for such a long time, and it is time to operate on them."

"Haha, then wait and see you beat the crap out of Zheng Xiaolong from Longxin Capital." Pei Guangqian laughed.

Pei Guangqian was very happy, although he also knew that Ying Jiashan's words were not to be trusted, but he was also the same, and he would never show weakness easily.

The two of them left Pei Guangqian's office, and Pei Guangqian found out the data of the sections mentioned just now to take a look, deduced it in his heart, and he still felt that he was quite sure.

Just do it!
(End of this chapter)