Rebirth of the investment era

"There's nothing wrong with being optimistic!" Su Yu said, "The market's turnaround often occurs when everyone's mood is the most pessimistic. At present, most investors are already pessimistic about the future. If the future economic and financial situation The market is still not good, but that’s just in line with expectations.”

"However, if the market reverses in the future, everyone's confidence in future expectations will be restored."

"Then, with an optimistic layout at this time, we can reap quite generous excess profits in the future."

"in my opinion……"

Su Yu paused and continued: "Investment, apart from some basic logical analysis and judgment, is also a game of human nature. Pessimism and optimism are often the polar opposites of fear and greed. They are really trapped in the emotions of human nature." , then it will be difficult to make correct investment judgments.”

"Yes!" Xie Wanting responded, "That's true. And now, due to the development of the Internet, it is easy for everyone to obtain information. The fear and greed of the market have also been amplified in disguise. Only now do I really understand that Ba Lao The meaning of the saying 'When everyone is fearful, be greedy; when everyone is 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 cuisine, but there were not many dishes of other northern cuisines, and he felt a little touched in his heart.

"Oh, right……"

Xie Wanting thought for a while and said: "Your company is developing so fast. Do you think about developing into public equity funds in the future? If you can convert your private equity business into public equity business, the threshold for fund raising will be lowered. I think your capital will be better." Regardless of the scale, it won’t be difficult to exceed 100 billion in the future.”

Su Yu replied: "I have no plans to do so 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, "Business management, the first priority is credibility and reputation. For fund companies, with performance, scale will naturally be good."

Su Yu saw that Xie Wanting could understand everything, and he admired her intelligence very much.

"I looked at this year's private equity performance rankings in the industry, and a fund managed by Ms. The young lady has made rapid progress in terms of market knowledge and trading operations."

Xie Wanting was very happy when she heard Su Yu's praise. She said with a smile on her face, "Speaking of which, I owe a lot to you for such performance."

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

Xie Wanting was silent for a moment, and then explained her trading ideas of following his trading traces and following the trend.

After Su Yu heard this, he couldn't help but chuckled and said: "Miss Xie is careful. I thought I had tried my best to avoid showing signs of opening or reducing positions on the market, but I didn't expect... I still didn't escape Miss Xie. As expected, once the amount of funds becomes larger, it will not be so easy to deceive others.”

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"I'm just making random guesses after reviewing it," Xie Wanting said.

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

"That's because you actually...sometimes want to remind everyone by using your spot on the Dragon and Tiger Rankings." Xie Wanting said, "Otherwise, I really wouldn't be able to catch traces of your transactions."

Su Yu responded: "I am not as selfless as Ms. In the market, no one thinks that the direction they are trading in is right.”

"Really?" Xie Wanting looked at Su Yu with a smile, not quite believing what he said.

Su Yu coughed slightly 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 affected by other people, is difficult to change in the short term. That's why there is a stock market." "A person can only make profits within his own knowledge."

“So, during transactions, intentionally remind the other party of the buying and selling opportunities.”

"It's actually a stupid thing to do."

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

Xie Wanting thought for a while and felt that what Su Yu said was reasonable, and replied: "It's true that profits and losses come from the same source. Even if you make profits beyond your understanding, as long as you continue to invest, you will continue to be in this game." In insider trading, sooner or later you will lose money based on your knowledge. This should be called 'money earned based on luck will be lost sooner or later based on strength', right?"

"Yeah!" Su Yu nodded, "Whether it's a bull market or a bear market, whether it's the stock market, the futures market, the foreign exchange market, or other financial derivatives markets, the essence of the '28/20 rule' has never changed, so I think... In fact, ordinary retail investors who do not know much about this industry, or do not have in-depth understanding, are not recommended to enter the financial market and conduct independent transactions, because within their cognitive scope, the money-losing effect is too strong. "

"However, the transaction itself has the nature of a game." Xie Wanting said, "With the nature of a game, there must be a gambling mentality. For many retail investors, they don't care about the economic trend or expectations at all. The so-called investment logic such as trends only requires betting. Anyway, in the financial trading market, all products will either rise or fall, and there is no third option."

"And if you treat financial transactions as gambling again and again."

“People don’t have so many worries anymore.”

"I think this is also the reason why the A-share retail investor group has always been dominant, and short-term speculation, chasing the rise and killing the fall, has always been the main line of the market."

"Treating trading as gambling is actually a manifestation of the immaturity of the market." Su Yu said, "Of course, such an environment and situation cannot remain unchanged in the future. Gambling requires limited capital and unlimited times. Under this situation, the final profit possibility is actually close to zero.”

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

"Then, either don't play, or leave your money to professionals for investment."

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

"Yeah!" Xie Wanting responded, "I agree with this."

The two of them chatted nonchalantly, ranging from future investment directions, to the development of financial markets, to trading models, investment experiences, and prospects of the asset management industry... As the topic continued, the two of them began to have a slightly unfamiliar relationship with each other. The unfamiliar feeling gradually faded away, giving me a relaxed and casual feeling.

Of course, no matter Su Yu or Xie Wanting.

Except for some common topics that each other can talk about, the two still maintain a tacit understanding on some sensitive topics that may cause embarrassment to each other. No one has mentioned a word, and they maintain a certain sense of distance.

Just, by chance.

When Xie Wanting tried a few bites of the spicy Sichuan dishes she specially ordered for Su Yu, she was sweating from the spicy food. She briefly took off her down jacket, revealing a swan-like snowy neck. Su Yu just It was discovered that what Xie Wanting was wearing today was actually the aqua blue necklace he gave her as a birthday gift.

Until this moment...

He seemed 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 eyes for a moment. She only felt that her tongue was burning. She hurriedly took a sip of tea, then raised her head and asked Su Yu, "I'm too sensitive." , or are all Sichuan dishes so spicy?”

Su Yu noticed the fine beads of sweat on her forehead, came back to his senses, and said with a smile: "There are also non-spicy ones, but the taste of this store may be spicy. Of course, there are also some that Miss Xie has been living in In the north, people rarely try this type of cuisine because their taste buds are more sensitive.”

"next time……"

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

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

Su Yu nodded slightly and didn't say much.

Then, Xie Wanting's topic obviously began to shift towards the direction of life, asking Su Yu some interesting things when he was studying, and also talked about many of his experiences while studying abroad.

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

Finally, due to different changes in their moods, they walked out of the hotel together at 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, it may rain more heavily later."

Xie Wanting took the umbrella and did not answer directly. Instead, she turned to Su Yu and asked, "Do you have any other plans this afternoon?"

Su Yu hesitated for a moment and said, "There's no other big deal. It's just that Mr. Xu from Minghui Capital said he wanted to talk to me about cooperation again."

"Oh!" Xie Wanting felt a little disappointed when she heard what Su Yu said, and said with a smile, "Then I won't delay your business. I'll take a taxi back by myself. My aunt's house is some distance away from here. You can send me there and back." It will take a lot of time, and since it is a matter of cooperation between both parties, you can't let Mr. Xu wait too long because of me."

After speaking, Xie Wanting did not wait for Su Yu to respond.

He opened his umbrella and walked into the rain, reaching out to hail a taxi on 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 reached his lips, he swallowed them back. In the end, he only asked Dai Lingna to send Xie Wanting back, while he took a taxi alone and returned. hotel.

When he returned to the hotel, many people had gathered in the reception hall.

Representatives from many well-known investment institutions at home and abroad, as well as many interested business people who wanted to make connections and squeezed in, were gathering in twos and threes throughout the hall, chatting lively.

Su Yu thought about Xie Wanting's inner thoughts about him and how he should deal with this girl. For a moment, he had no intention of talking to the representatives of these institutions. He was about to walk through the crowd and return to the hotel room to rest for a while. At that moment, a sturdy middle-aged man in a suit and leather shoes, with fair skin and a beard, suddenly blocked his way. He stretched out his hand to him with a smile, and actively greeted him: "Mr. Su, I have long admired your name!"

Su Yu heard the voice and came back to his senses. He quickly raised his head and looked at the other person carefully. He stretched out his hand to shake hands with the other person with some confusion, and responded: "Your Excellency... we don't seem to know each other, right?"

"I am Blanche Laurent, the president of STG Investment Institution in China." The middle-aged man said and handed a business card to Su Yu, "Mr. Su invests in the Chinese financial market and the secondary market. Come on, it’s awesome!”

Su Yu took the business card, glanced at it, and found that he had no impression of STG as an investment institution in his mind. He couldn't help but said calmly: "Thank you for the compliment, Mr. Blanch. Sorry, I have something to do. When I finish my work, there will be How about we have a chance to have a detailed discussion with Mr. Blanch?"

After saying that, Su Yu accepted the business card and continued walking forward.

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

"Sorry, not interested." Su Yu refused before the other party finished speaking.

Blanche Laurent didn't expect that Su Yu refused directly without even asking, and was a little stunned for a moment.

"Mr. Su is no longer interested in making money!" Following the voice, another figure appeared in front of Su Yu.

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

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

"We at Yinghui Fund do not engage in venture capital business in the primary market." Liu Guanhai said, "Unlike Mr. Su, who has to catch everything and wants everything."

Su Yu replied: "Mr. Liu's words are probably a bit unskilled. Everyone knows that in the financial trading market, whether you make a profit or a loss depends entirely on your ability. The net value of your Yinghui Fund dropped sharply at the end of the year. Several times you made a move, it failed. You can't blame me for returning home and leaving the field with your body cut off, right?"

"When did I say that the poor performance of our institutional funds was related to Mr. Su?" Liu Guanhai responded, "Isn't Mr. Su taking himself too seriously?"

Seeing that this guy was just looking for trouble, Su Yu snorted coldly and didn't bother to pay attention to him, and was about to go around.

At this time, Blanche Laurent, who had just been rejected by him, spoke up again behind him.