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On the weekend when a video is wide to circulate, it is Chairman Liu Shiyu invests the speech that fund trade association publishs on congress of member of the 2nd first time in Chinese negotiable securities. Mention in the speech: The closest period of time, capital market produced a series of not quite normal phenomena, lift card, lever to buy, it is a kind of challenge of unreasonable to administering a structure company, this phenomenon has. But you from the money with frame-up antecedents, became the robber of the industry from the Goth of the doorway, this is not possible. You are carrying the bottom line of plan of law of domestic discipline exercised by the head of a feudal household of the Warring States, you also challenged the bottom line that you are an upright person, this is human nature is reflected immorally, it is financial innovation far from. Direct cannon lever is bought and Goth cites a shop sign, did spearhead point to asset management directly?
But asset management product buys a share now, this should problem of it doesn't matter? And the forehead is spent also is in formulary less than, why can Chairman Liu have the concern of these respects? Because,that is present lift card mode to have bit of little problem really forcibly, and this way learns Buffett.
Problem 1: Bought a stock to not be afraid of cover? How to have a deficit to do?
This problem also is encountered when American card inspect can investigate Buffett in those days, answer is the company presses enter an item in an account of law of rights and interests, below law of rights and interests, the yield that invests an enterprise is being invested namely by its hold is invested in business profit after tax the number that the scale part of one's job that the enterprise issues outer share gets, and whether does no matter be invested,the enterprise distribute profit with dividend form. According to home the regulation holds a scale to must achieve 5% above by enter an item in an account of law of rights and interests, so we see each insurance company cite a shop sign in succession. This is the secret that insurance fund buys a share, buy these grail outstanding achievement admirable blue plan a share, should appear on the market only company profit is good, can make Zhang profit by hold equity scale, care about the relation of share price and cost far from!
Problem 2: In case did share price go up?
Nature is to press market price to adjust, went up to be able to sell make money, buffett is so long term all the time investment, make money every year. Want not to cut the flesh only, cannot have a deficit at all money, but come loose door can be you accomplished?
Problem 3: In case bought share fell, sell the product that give to want cash again how to do?
Only 2 method are solved, or sells more product, raise money more capital handles corresponding cash, perhaps issue a large number of bond to handle corresponding cash. Be based on above just about a few practices and reason, buffett grows arrogant setting in American stock market, scored huge success, and our insurance company is trying to duplicate this behavior.
But why Chairman Liu is met so say, is feeling giving a person indignant?
Because the orgnaization uses what lever means undertakes to buy with popular capital,that is, what use actually is the money of broad and contributive person, although him orgnaization assumes a risk, but if in case do not bear this risk, still be broad investor final by losing, but broad investor can think of he wants assume so huge risk far from, each conduct propaganda can achieve the earnings of prep above bank deposit only, do not say a venture to him. So he said to become Goth from stranger, goth became robber.
Hint finally you: Cite the word of Chairman Liu Shiyu: Hope discipline of all orgnaization abide by is abide by the law do not do scurvy " alluring woman "
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