Reborn IT Giant

"Through what I just said, you should already know that my personal investment will still be concentrated in computers, or the Internet industry. As for time? At least in the next ten years, this will not change."

"Speaking of investment plans, I said when Elite Technology held a press conference last time that I don't have any specific investment plans. I am just looking for some Internet companies that I think have potential to invest in."

Not long ago, Michael Moritz's incident had given Zheng Yan a warning, so of course Zheng Yan would not disclose the investment plan, but only gave a general direction, which is the Internet.

"It seems that Mr. Zheng really has a soft spot for the Internet industry as the outside world said. There is just one thing that is very strange, and I believe that everyone is very concerned about it. Since the first computer was produced, the establishment of the

There are countless related companies, such as Microsoft, IBM, Intel, etc., which have always been at the forefront of the times."

"But similarly, some companies that were once glorious have disappeared from everyone's sight, such as WordPerfect, which was acquired by Novell last year, and Wang An Computer Company, which went bankrupt a few years ago. I would like to ask, how did Mr. Zheng determine that he

Is the direction of choice correct?”

With foresight, Zheng Yan said this in his heart. However, he definitely couldn't answer like this with his mouth.

"How to put this? I think I can quote a sentence from my friend Steve. Ultimately it is up to your taste. Of course, his and I still have somewhat different understandings of this sentence. The development of the Internet has unlimited possibilities.

, let alone the development direction, I just choose the development direction that I think is right to invest."

"The emergence of any new thing is to facilitate people's lives. I also choose companies for investment that I think can facilitate people's lives to the greatest extent. In addition, company leaders are also very important and will also be involved in my investment.

Within consideration.”

"Mr. Zheng, I said at the beginning that the theme of our program is European business news. I wonder what Mr. Zheng thinks about the European economy? Or, in other words, does Mr. Zheng think Europe will

Will it become the next place where Internet companies will rise?”

"No, it can even be said to be impossible. There are three main reasons for this. First, the population base of Europe is too small. Although there are hundreds of millions of people in Europe, Germany, the United Kingdom, Italy, Spain, etc., which have the largest populations, have only a small population.

Tens of millions, this has determined that it is difficult for Internet companies to become big."

"Some people may say that if you set up an Internet company covering the whole of Europe, you will have enough users. This is the second reason I want to say. Europe's multi-language environment is a natural obstacle."

"As for third, the high welfare of European countries has also hindered the development of Internet companies. Everyone knows that it is difficult for Internet companies to achieve profitability in the early stage. In this case, the high labor costs have strangled the survival of Internet companies.

soil.”

"It seems that Mr. Zheng's views on the Internet are indeed somewhat different from others. This may be the reason for Mr. Zheng's success. I would like to ask, where does Mr. Zheng think there is soil for the development of Internet companies?"

"China, there is no doubt about this!"

"China?"

"Yes, China. At present, China's economic conditions and computer technology are relatively backward. I don't deny this. However, what China lacks most is the ability to learn and innovate. I don't say this because I am from China.

Just because I understand China and the people in our country."

"Mr. Zheng, as we all know, Larry Ellison is the most difficult wild horse to tame in Silicon Valley. I wonder if you will have disagreements and conflicts when you get along?"

"Differences are always inevitable, but there is no contradiction. In addition to being partners, Larry and I are more than friends. Mutual trust is the basis for our relationship."

"Although I am a shareholder of Oracle, I never question the decisions Larry makes, whether they are right or wrong. Because I always believe that he can deal with all problems that may arise and that he has the ability."

"As for Elite Technology, I will give some of my own opinions in due course. After all, I am the designer of the IM software. I know it far better than anyone else, and Larry also

Will accept it because he also trusts me."

"Mr. Zheng, one last question, or request. You are one of the most successful investors in the world. Can you give some investment advice to Everbright investors?"

Zheng Yan knew that this was the most important question today. After thinking for a while, he said: "For most investors, they only invest in a company's stocks, unlike me, who invest in a company's future."

."

"When investing in stocks, you are actually investing in the company represented by the stock, not the stock itself. In this way, the choice of direction is very important. It is best for everyone to invest in companies that they like and are familiar with, so that they can better

Make a judgment.”

"In addition, as ordinary investors, all you need to consider is the company itself. As long as you know what the company is doing, don't care about macro factors such as what is happening in the market, otherwise it will affect your judgment."

"Also, when you buy stocks, you need to make a judgment on the intrinsic value of the company you are buying. This value cannot be calculated using a formula. This requires you to understand the company behind the stock and make your own judgment.

"

"When buying, there is no need to wait for the lowest price before buying. As long as the price of the stock is lower than the intrinsic value you determine, you can sell it. As long as your previous judgment is accurate, you will definitely not lose money."

"The most important point, and the most difficult point to do, is that you must remain rational when investing, and you must not have a gambler's mentality."

"Okay, thank you all for watching today's financial forum, and thank you Mr. Zheng for your advice to investors. See you in the next episode."

As soon as Zheng Yan finished speaking, Ted David also ended the recording of the entire program in a timely manner. As for the privacy issues that Zheng Yan was worried about before, they were not mentioned during the entire process.

"Zheng Yan, since the recording of the program is over, would you like to have a midnight snack together?" After the recording of the program was over, Li Yanhong also walked in from the outside.

"Forget it, wait until there is a chance in the future. I still have to go home to take care of the children." Zheng Yan thought of the little ones at home and felt really uneasy, so she declined Li Yanhong's invitation.