Still on the way

Since the year before last, I have vowed not to touch A-shares.

In essence, A-share is just a "financing tool". It should be noted that it is just a financing tool, not an investment platform. There are countless hands in the process of making money, and as ordinary shareholders, they will be killed sooner or later.

From the perspective of capital inflow and outflow, we know.

In the past year, the newly increased investment amount of shareholders and institutions was 300 billion yuan, and the repurchase amount of listed companies was 50 billion yuan, that is to say, the blood input was 350 billion yuan. And what about the blood?

In the past year, IPO issuance drew 349.7 billion yuan of blood, major shareholder reduction drew 348.3 billion yuan of blood, and listed companies refinanced 657.4 billion yuan of blood. If the transaction commission and stamp duty of shareholders are added, the annual blood draw will exceed 1.5 trillion yuan.

Maybe you would say that dividends to shareholders are also money, so how much do we count in dividends and blood transfusion?

In 2022, the annual dividend of A shares will be 2 trillion yuan, a large proportion of which will be distributed to shareholders who do not spend money to buy shares, while the dividend that will be truly distributed to shareholders and institutions who spend real money to obtain shares in the secondary market may only account for a quarter, including 500 billion yuan.

How can the net blood drawing amount to 650 billion (15000-3500-5000).

Compared with American stock market, A-share is really a bottomless pit.

The total market value of A-shares is only 80 trillion RMB, and the IPO in one year reached 349.7 billion RMB, while the market value of the U.S. stock market was more than 400 trillion RMB, and the annual IPO was only 190 billion RMB. This comparison shows how powerful A-shares are. In terms of blood transfusion, the US stock market can achieve a staggering 14 trillion RMB in new blood transfusion (not including dividends) in one year, compared with the 350 billion in A-share market, which is obvious.

How many A-share listed companies are serious about doing business, and how many are listed just to win money. Once listed successfully, they will try to sell the company to shareholders.

There is a comment that says that US shares are enterprises, while A-shares are companies.

Even BlackRock, the world's top asset management consortium, said that "there is no end to buying A-shares", so they stopped playing.

China seems to like low price competition, and cloud service industry is no exception.

At least as far as I know the cloud server industry, low price competition is not beneficial for small enterprises.

First of all, small enterprises are small in scale and have very weak financial strength. Of course, the low price competition is used for small profits but quick turnover. Once the operation is not good, they will lose money and fall into the situation of neither profits nor sales. This situation is very common. Such companies usually die quickly, and 80% of them die within a year or two.

The remaining 20% of enterprises that can achieve small profits but quick turnover are already excellent, but it will not be easy. First, the profits are very small. If you invest very limited funds in products, there will be no funds for market promotion. The reverse is also true. Finally, you often take care of the east and the west, and consider one copper plate as two flowers - low end and low price products are purchased, The market promotion should be quick and effective.

When it comes to effective market promotion, it is telephone promotion and online network promotion (such as Baidu SEM promotion). However, the promotion effect of various channels may be good at first, but eventually it will get worse and worse, and finally the promotion cost will spread to the neck. Since small enterprises have adopted the strategy of small profits but quick turnover, it shows that the product itself is highly competitive, and the cost of promotion channels commonly seen in the market has already spread to the neck.

However, since the purchased low-end facilities and equipment are low-end, the products produced will naturally encounter various problems, and after-sales problems are beginning to become more and more. A large number of server after-sales problems require more personnel, and labor costs increase. After sales problems will also affect public praise if they take a long time, which will eventually increase the promotion cost.

The survival time brought by the low price strategy to the enterprise is very urgent. You need to run every moment, but you are tired and can't earn much money.

Small enterprises do not have enough time to accumulate funds, and more customers will be brought about by more sales. The fixed cost of renting machine rooms and cabinets to maintain operations will also become larger and larger.

One day, a small mistake or an accident occurred in the market, and the sales environment began to deteriorate, while the fixed expenses for maintaining the business service ability of the enterprise were large and difficult to cut off quickly, and losses could not be avoided.

Once an enterprise suffers from a loss due to the low price strategy, it is difficult to save it, because the price cannot be reduced, and the existing customer group is customers with low willingness to pay. Such customers themselves do not have much loyalty. If you raise the price, they will leave. If you do not raise the price, you will continue to lose money. The enterprise can only find ways to break the circle.

Breaking the circle is not so simple. Accumulated losses in a year or two, or even a few months, are enough to crush a small enterprise.

Therefore, low price competition can not be done.

The "goal" can be said to be a big obstacle to entrepreneurship and even life, which can easily lead to loss of motivation and disorientation.

This sounds a bit illogical.

If you want to achieve a goal, it is difficult to achieve it. It is necessary to remember the goal, but what I said is not to pay much attention to whether the goal can be achieved, because if you often imagine the goal and expect the joy after the goal is achieved, you will be very vulnerable to the blow and injury caused by the reality gap. In the long run, you will have more and more doubts about the goal, Gradually accumulated to the point that there is not enough spiritual strength to persist in doing the right thing. In the end, failure will only complain about bad luck and lack of help from noble people.

Many smart people will make the mistake of paying too much attention to the goal achievement. They may come from famous schools, have brilliant academic credentials, and are also very capable in some aspects. They have more knowledge reserves and skills than most people, and are praised by others. But they can never do great things, and lack the courage to do foolishly. In fact, their spiritual strength has been consumed internally.

I think it's also a silly way to talk about goals. Some people can't help telling others their goals when they communicate with others, as if they would be uncomfortable if they didn't tell others, which is actually sharing the joy of achieving goals in advance. Such behavior will enhance our expectations and fantasies about the goal, and will make us set a trap for ourselves. This trap is to tell others what we want to achieve in advance, and then plant a devil in our heart - as if we will be looked down upon by others if we don't do it. At this time, we often make a lot of wrong actions to urge things to be achieved as soon as possible, so as to satisfy our vanity. More haste, less speed. The achievement of things has its own natural laws (or objective factors), and even most of the time it needs the participation of opportunity factors.

If you really want to do a good job, you can hide it in your heart. You can get less unnecessary interference.

It is usually simple to spend more time to analyze the essence of goal achievement, pay attention to the formation of objective elements, and do those things that can deepen the accumulation of elements, but it only needs to accumulate, recognize the essence, and many times we just need to do foolishly.

In recent years, the money making effect of the currency circle has attracted a large number of young people.

In the past, the output of virtual currency mainly consumed computing power, so video card manufacturers made a lot of money. Today, the output of virtual currency mainly depends on hard disk, so the price of hard disk has soared recently.

More and more people entered the arena, and the greed of human nature also led to greater madness.

Remember the story about monkeys

A long time ago, a businessman came to a mountain village. The mountains around the village were full of monkeys. The merchant told the village farmers that I would buy monkeys for 100 yuan each. The villagers did not know whether it was true or not. They tried to catch the monkey, and the merchant really gave them 100 yuan. So the whole village went to catch monkeys, which was much more economical than farming.

Soon the merchant bought more than 2000 monkeys, but there were few monkeys on the mountain.

The merchant then offered 200 yuan for a monkey. When the villagers saw that the monkey price had doubled, they went to catch it again. The merchant bought it again, but it was hard to catch the monkey.

The merchant offered another 300 yuan for a monkey, which was almost impossible to catch.

The merchant offered 500 yuan for one monkey, but there were no monkeys on the mountain. More than 3000 monkeys were here.

One day, when the merchant came back to the city on business, his assistant went to the village and said to the farmers, "I will sell you monkeys for 300 yuan each. When the merchant comes back, you will sell 500 yuan to the merchant, and you will be rich.".

The villagers were crazy. They smashed the pot and sold iron. They raised enough money to buy back more than 3000 monkeys.

The assistant left with the money, but the merchant never came back.

The villagers waited for a long time. They believed that the businessman would come back to buy their monkeys for 500 yuan.

Finally, some people can't wait. Monkeys have to eat bananas, which costs money.

Finally, most of the villagers put the monkeys back on the mountain.

The mountain is still full of monkeys

May Day is coming again!

I saw a news about the poor performance of Yonghui Supermarket last night. Yonghui Supermarket reminds me of my summer work experience.

It was the summer vacation in 2015. I had just finished my sophomore year and wanted to use the summer vacation to earn some money to solve the problem of poor pocket money. The workplace was Yonghui Supermarket in Fuzhou.

In Yonghui's headquarters, I worked as a supermarket salesperson for nearly two months.

I am not tall, 1.63 meters, and my body is thin, but this has brought me good luck unexpectedly.

The HR manager of the supermarket saw that I was not tall, so he assigned me to the Textile Supplies Department, that is, the department selling towels and bed covers. The work of the Textile Supplies Department is quite easy. It basically manages the display of goods in the exhibition area. To put it bluntly, it means folding towels and pants. The colleagues in the same department are several aunts, and a girl who just graduated from high school as a summer worker. Our colleagues take good care of each other. Several aunts often chat when they are free. I also like to listen to their stories about what happened in the supermarket.

At that time, several boys with the same student appearance came in with me in the same batch. They were not as lucky as me because of their tall appearance. They were all assigned to the grain, oil and beverage department. The grain, oil and beverage department of large supermarkets is very laborious.

I remember often seeing them go to the warehouse to pick up goods (the consumption of grain, oil and drinks is fast, and the goods are frequently loaded). The warehouse is on the hillside behind the supermarket. The hillside is very steep, and there are two 180 ° big turns. They pull a simple forklift manually, and have to load a lot of goods that are much higher than people (it is estimated that there are at least thousands of kilograms), Then two or three people pushed the goods down from the back mountain warehouse. Although the goods are tied tightly, they still look precarious and dangerous. If you are not careful, you may be injured. Loading, transporting and unloading goods several times in an afternoon, few people can stand it. It was still in the hot July and August. There must be 40 degrees of heat outside Fuzhou, which can be imagined how hard it was. Once I was asked to help them pick up some goods (I was going to buy soy sauce) because of lack of staff. I heard that they complained about being tired and wanted to leave.

In fact, Yonghui Supermarket is quite good. It's said that the commodity prices inside are basically carefully benchmarking Wal Mart, and the overall decoration atmosphere seems more grounded than Wal Mart. Another point is that although the staff canteen is simple and crude, it is still very conscientious (I remember that only two yuan a meal at that time, although the taste is ordinary).

Six years have passed in a flash. Yonghui's share price in the secondary market has also experienced several roller coasters, and finally returned to six years ago, bringing tens of thousands of investors disappointment.

Six years is enough to change the way people shop.

Delivery and delivery services have gradually become a way of life that people are accustomed to and seem to have become inseparable from, from the initial tender. The rise of community group buying in the last two years is also changing the business model of supermarkets. According to the first quarter report released by Yonghui, the proportion of online to home sales has reached 13%, but the overall performance shows a downward trend, corresponding to the weak stock price, the most obvious is that the stock price has dropped 50% in the last year.

The constant decline of Yonghui Supermarket is not that Yonghui is not working hard enough, but that the times are changing and Yonghui people fail to seize the opportunity in time and change too slowly. Even if there is a stake in JD, Yonghui will not change the situation that will only be more difficult later. Unless we let JD, an e-commerce giant, take control of Yonghui as an offline experience store of e-commerce giants, Otherwise, e-commerce giants cannot spend too much strength to support.

I don't approve of investing in the currency circle, because it is not investment.

Virtual currency itself does not have much speculation value. To be precise, the recent craziness only comes from speculation.

I don't deny the particularity of Bitcoin. Many people really recognize it, regardless of its value, because even an ordinary piece of white paper can become a currency as long as it is recognized. However, the craziness of Bitcoin, especially the crazy rise of many other virtual currencies in recent years, is purely speculation.

If the asset value assessment is separated from the real economy and life, it will only be a fraud, not an investment at all, and most people are destined to become leeks in this fraud.

Many young people have started to join the team of speculating currency. I can see from my side that several friends who have been "trampled" in the stock market have recently resolutely started the journey of speculating currency. As a bystander, I know that I can't dissuade myself, but I can only remind people to pay attention to risks.

To my surprise, the crazy pursuit of global business leader Musk Bitcoin is not only that, but also the dog coin, which has soared 100 times in several months, has become his target. Maybe he is just a businessman. He is doing what he "should do" and is willing to do.

As an ordinary person, if you want to make financial investment, you have to pay attention to your own principal. Before making an investment, you might as well ask yourself these questions: What value does this investment object bring to society? What is the basis for the rise and fall of the target? Why can you make money by participating in it? Who is losing money?

Maybe the only way to wake up people in the bubble is to wait until the bubble bursts.

I always believe in my own judgment, even if there are unknown errors in my own judgment.

There is too much information in this world. Going with the tide may be the destination of most people.

When we were young, we always believed in our own ideas without hesitation. Even though our childhood ideas were always one-sided and objective, we always chose to believe them first. In fact, that period was also the fastest time for most of us to know the world.

Many of us, as we grow up and experience more, begin to be more and more disbelieving in our own judgment of something, and their thinking is in chaos without being aware of it. Gradually, he gradually lost his independent judgment and lost himself.

Why is that? Don't you know more as you grow up?

Of course not, or although they "know" a lot of things, they don't know how to distinguish things.

The world is noisy and full of information. There are all kinds of sounds from time to time around. If you want to get other people's views on something, it's too simple. You can easily get it on the Internet. Because of this, gradually, they began to be bad at thinking, they began to be "stubborn", and began to believe only those insights that can be easily obtained. When asked about their own ideas, they found that they never thought seriously, and did not know whether their "beliefs" were reliable!

It is not to say that other people's opinions are incorrect, but to accept them without thinking, that is a big fool.

There is a saying that truth is always in the hands of a few people. If this sentence is correct, it shows that the views held by many people have often changed to less "truth".

I'm not a smart person, and I always have a lack of views on something, even one-sided and wrong. But I think we should have our own ideas, and be willing to believe and verify them. Verification is also practice. Maybe this process is very long, and it may cause you to stumble, but isn't it normal?

Only what we believe and do can we get positive feedback. No matter whether the judgment itself is correct or wrong, the result is positive feedback for us.

Having your own ideas does not mean not listening to others' opinions at all.

But first believe in yourself, then trust others.

It's a bit late for dinner tonight. After cleaning up the dishes, it's already over nine o'clock. Turn on the computer, and finally I can calm down and write a blog.

Life is boring most of the time, and we will always encounter endless troubles. The most brilliant achievements will be forgotten, the best people will leave, and the most beautiful flowers will wither. No matter what we encounter, we will continue to pursue the life we want.

Time is not endless. Now we should try to do more things. The more we do and think, the more we can fully understand ourselves and be free from confusion.

Knowing yourself is a very important stage. When things go wrong, we may not be able to understand the rationality of these things at that time. But I believe that we should follow our own heart, be more tolerant, complain less, and spend more time and energy on doing things and thinking. When we look back, we can always find that what we once did not go well is just that our experience was not enough.

I believe in cause and effect. Ten years later, when I look back at my present self, I will only smile and sigh, "The people and things at that time were also very good.".

Cherish the present!

Why do you want to know yourself?

The growth of every stage of life is always confused.

I remember that in 2014, I was still in my freshman year and sophomore year. At that time, I had many ideas, was enthusiastic and interested in entrepreneurship, and was eager to make all the achievements. But the reality was that I made several attempts, but did not achieve the set goals. Even in the last project, I lost a large amount of principal for me at that time. At that time, I was very depressed, and even thought of dropping out of school.

The negativity accompanied me for a long time, but fortunately, I didn't make the decision to drop out of school.

In the following year, in order to get rid of the confusion, I began to stop trying to start my own business and try my best to do what other people think college students should do - take good classes, be a tutor, take the driving test, play basketball, work in the summer vacation and first contact with the stock market, but the confusion temporarily slowed down and did not dissipate.

At the end of 2015, with the money I earned from my summer job, I began to invest in the stock market for the first time, and began to experience the happy days when I could earn hundreds of dollars a day easily. However, two months later, the stock market taught me a lesson. The circuit breaker in early 2016 made me lose a lot. During that period, I once again fell into confusion from the initial upsurge of enthusiasm.

Half a year later, I decided to start my own business again, and also decided not to pay attention to the stock market for a short time. It was Soros who made this change. It was his wonderful speech that solved my doubts.

In his interview and speech, Soros admitted that he was very confused when he was young and wanted to do a lot, but he was not satisfied everywhere. He didn't start to achieve anything until he was very old. His original words were:

When I was young, the problem was that I didn't connect myself with the world and didn't enter the world. The world seemed to me like a closed door. I was knocking on the door, but I didn't find the key to open it. It took a long time to find the key. Of course, the more experience you have, the easier it will be to open other doors. There is no fixed way for young people to succeed, because everyone has different experiences, different abilities and different interests. What we need to do is to understand ourselves and the world. It is not enough for you to understand the world. You must understand yourself before you can move forward, understand the world and connect yourself with the world.

Each of us should realize that our understanding of reality is always imperfect, deficient, and can be improved, and will never be perfect. In this way, you will not lose your way, because you try to predict the future, but sometimes you will go the wrong way. Of course, you have to make changes, so you must question your beliefs, and at the same time, you must adhere to certain beliefs.

In a profound passage, first of all, we should understand ourselves, open ourselves, accept the imperfect society, try to connect ourselves with the world around us, maintain our prediction of the future world, accept our wrong prediction, and constantly correct our wrong understanding of the world. By adhering to this belief, we can understand the world more and more and improve ourselves all the time, In this way, we will not be so confused.

If you are confused, you might as well think about what he said. I believe you can also gain from recalling this sentence in your future life.

A person who is constantly learning can always improve himself step by step. He can improve his understanding of society, economy and life more and more, and will also get returns from all aspects.