Rebirth: The Financial Giant

There is another deep-seated reason why Lao Yang doesn’t want to pay a penny for life and death. He is more worried about the potential legal risks of their group to fight for the big A. Although many preparations have been made, for example, Lao Yang also obtained a private equity license, but as an expedition Old A, a twenty-year veteran, has seen too many cases in the securities market, and he doesn't have a strong backstage himself.

There is absolutely no interest in speculation and speculation. In the future, even if there is a problem, it will not be involved. The crime of illegal profit-making will definitely not be detained.

But then again, Lao Yang has also been considering the issue of risk sharing in this investment. Now he is betting his entire worth on one stock, which is Tiansheng Holdings.

Theoretically speaking, the risk here is actually very high. When the funds are less than 10 million, the strategy is to stud and work hard, and if necessary, it will be more aggressive and leverage, because in this way, the primitive accumulation can be completed quickly.

Now that he is worth hundreds of millions, he has completed the original accumulation of wealth. Compared with asset appreciation, value preservation is more important.

To put it bluntly, it is impossible to continue to stud a single stock, and eggs cannot be put in one basket. Even from the perspective of return on investment, all positions are placed on Tiansheng Holdings, and it cannot achieve the same excess returns as in the past three years.

Three years ago, Tiansheng Holdings was listed on the backdoor. At that time, the total market value was only 240 billion yuan. Now it has exceeded the 3 trillion total market value of the Big Mac.

Taking 240 billion as the base to double more than ten times in three years is quite exaggerated, and taking the current 3 trillion as the base to double ten times, that is the total market value of more than 30 trillion, which is higher than the current total of the entire Shanghai Index. The market value is high, let alone three years or even ten years is extremely exaggerated.

This is obviously not realistic.

In Lao Yang's opinion, even if the current stock market doubles, it is quite difficult, let alone ten times higher. If the total market value doubles, the total market value will run to more than 6 trillion, even if the stock market has this potential. , the pool of Big A may not be able to accommodate such a behemoth.

Going back 10,000 steps, even if the big A wants to accommodate this super behemoth, first of all, the pool has to be expanded, right? It will take time for Big A to further expand its capacity, so even if Tiansheng Holdings can double its capacity tenfold in the future, it may take more than ten years or even longer.

So even if we don't talk about risk, from the perspective of return on investment and time cost, we should also free up some positions to choose other targets.

And Lao Yang is currently very interested in a new stock that has not yet been listed. The answer is Tianchi Technology, which is about to be listed on the Science and Technology Innovation Board!

Since yesterday, Lao Yang has downloaded the electronic attachment of the 763-page prospectus of Tianchi Technology. Currently, he spends most of his time studying the prospectus. The prospectus of Tianchi Technology is actually half a month old. It has been published before.

Fortunately, there are still several months before the listing on the Science and Technology Innovation Board. It is not the first time that Lao Yang has read the prospectus of a listed company. There is definitely no problem with the timing.

And don't look at the prospectus of a listed company, which is often hundreds of pages of content, which seems quite exaggerated, but many of the content are actually repeated, such as "risk warning", which often involves industry characteristics, peer competition, supervision, etc. etc, so there is no need to read from the first page to the last page either.

A senior player in the stock market like Lao Yang, when he reads the prospectus, he quickly finds the content of the corresponding chapter that he most wants to see on the catalog page.

In fact, the retail investors of Big A are buying new shares. Few people actually read the prospectus documents. They were persuaded to quit after listening to the contents of several hundred pages. They all closed their eyes and pressed a button.

But it's one thing that shareholders don't see it.

Since the prospectus is aimed at public investors, it pursues rigorous expression, watertightness and comprehensive content. A lot of content has "skip" value, but no informational value.

For example, the prospectus of Tianchi Technology has an entry of "forward-looking statements", and the "hope", "may", "opportunity" and other places mentioned in it are all predictions and expectations, but as a qualified investor, it is not Take it all seriously.

The "hardest-hit areas" with similar information redundancy also include "risk warning" items. Tianchi Technology's prospectus contains 129 pages of "risk warnings", accounting for 16.9% of the total.

Gu Lao Yang's interest in the new energy industry is not a matter of one or two days. One of the very important logics is that Tiansheng Capital has invested heavily in this industry and comprehensively deploys the new energy industry, which is a big deal. Hundreds of billions of astronomical figures have been poured into this industry with real money.

Super institutional investors like Tiansheng Capital make such a bet, they should not ignore this industry in any case. In the field of new energy, especially the industry of new energy vehicles, Lao Yang actually doesn’t quite understand it. He doesn’t quite understand its logic. After talking about it for more than ten years or even longer, the past examples show that the basic hype is mostly.

Besides, the stock price of Tesla, the world's leading company in this industry, has been cut in half. Whether the hype stays in storytelling, or whether it can really rise up and lead the industry change, Lao Yang's heart is a big question mark.

However, Tiansheng Capital, which is now known as a model of "smart capital", has spent hundreds of billions of dollars in this field, but it has magnified the question mark in Lao Yang's heart.

One of the points that Lao Yang can't figure out right now is that Tiansheng Capital has invested so much money, and it will take a year of the monkey to recover the cost alone?

Can new energy stocks soar in the future?

If it is just a hype-style skyrocketing as a conceptual theme, such a rise will be meaningless to the amount invested by Tiansheng Capital, and it will never be withdrawn if it rises. It is hundreds of billions of dollars. so easy?

……

In the next few days, Lao Yang didn't bubble up in the group, and their hot money team also participated in the speculation of Shunhao, but when the Great Emperor 15th joined the board, Lao Yang chose to withdraw.

The reason for the withdrawal is not because he thinks that Emperor Shunhao's market has peaked. The current market sentiment is very hot, and it is far from reaching the peak. No one dares to easily predict the peak of this kind of emotional speculation.

Lao Yang left because he has to study the new energy industry sector and Tianchi Technology's IPO prospectus, so he has no time and energy to speculate.

And now most of the funds are lying in the big financial sector and waiting for the main rising wave market to come. It has been in a pattern since it was in the market. In the past month, the securities sector has been oscillating sideways, ups and downs, and there was a "squat" during the period. Killing the panic trading, Lao Yang and the others lost four or five points in their positions, but he didn't do anything, and continued to hold shares, combining knowledge and action.

At this moment ~www.novelmt.com~ Lao Yang is sitting in front of his computer. After reading the prospectus of Tianchi Technology for a while, he can't help but say to himself: "Why does a brother dare to bet on new energy? New energy vehicles, new energy is just a statement wrapped in the outside, new energy vehicles use electricity, but behind the electricity it is burning coal. From the source, the so-called new energy is still traditional energy burning coal, and coal carbon emissions are twice as high as those of oil.”

This is a big reason why Lao Yang has not been optimistic about new energy for a long time.

Domestic power generation mainly relies on burning coal, which is why Lao Yang has long speculated about new energy as a concept of speculation. He does not think this industry sector is suitable for long-term value investment.

The most typical negative teaching material is Jobs who will return to China next week. Anyway, the previous examples have proved that new energy cannot work.

But since Lu Ming's lightning rise, Tiansheng Capital has become a behemoth, and then Lu Minghao invested hundreds of billions of astronomical figures. This size is not comparable to Jobs.

Lu Ming's track record in the investment world is too much to talk about. Lao Yang is puzzled by such a fierce man working so **** new energy.

He doesn't think he is better than Lu Ming or the huge professional team of Tiansheng Capital. They are hard workers with real money and silver. At this time, Lao Yang has to re-examine new energy.

……

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