Wealth-bringing Fox -- Realistic Revelation of Private Equity Funds in Beijing

Author: Hu Rong
Publisher:
Publish Date: 2003-09-01
Features: Stock market investment is like wandering in the martial world. Besides 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 practice. 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 saying 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 As Ifs." The "Four Necessities" are: to dare to ride a horse to the 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 As Ifs" are: understanding each other as if in pitch darkness, courage as hard as steel, lust as life, drinking as if in mud, spending money as if on dust, benevolence as vast as the sky, killing as if in a swarm, and facing death as if returning. 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 a battle for power, and in the civilized era, it is a battle for wealth or 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.