Wealth-bringing Fox: Real-world Revelations of Beijing Private Equity Funds

Author: Hu Rong
Publisher:
Publish Date: 2003-09-01
Features: Stock market investment is like walking in the martial arts world. Apart from possessing extraordinary skills, one must also have a solid foundation in internal strength. Many investors search for stock trading secrets and memorize classic investment theories by heart, yet they still fail in real-world scenarios. This is mainly because they lack the confidence of a hero. To be a hero in the stock market, investors need not only enough courage but also consciously cultivate themselves. Some friends who work in private funds highly appreciate a quote by Shi Dakai, the Winger King of the Taiping Heavenly Kingdom: To be a hero, one must possess the qualities of "Four Necessities and Eight Like As." The "Four Necessities" are: to dare to ride a horse to the edge of a cliff, to be able to draw a bow to shoot the moon, to be willing to use one's head as a wine cup, and to drink the blood of enemies to the last drop. The "Eight Like As" are: understanding each other like lacquer, courage as hard as steel, passion as life, drinking as mud, spending money as dust, righteousness as heaven, killing as grass, and facing death as home. The survival logic of many great figures is battle, and the "private fund tycoons" in the capital are no exception. They believe that in the uncivilized era, civilization is about fighting for power; in the civilized era, it is about creating wealth or fighting for capital. In the battlefield, it is impossible to say who is right or wrong, only the victors and the defeated. In the first dozen years of China's securities market, I was fortunate enough to assist several billionaires who made their fortunes through the capital market. The survival wisdom of these tycoons indeed has a strong charm, but the core content is rarely known to ordinary investors.