Censorate.

Linghu Wujiang got off the newly bought Mercedes-Benz four-wheeled carriage in a happy mood, then took out the golden Hamedi pocket watch in his arms and took a look, then sorted out the new top he just bought, and then walked in with confidence.

As always, I wiped Yang Benman's table and made tea, then picked up the latest issue of the "Da Tang Daily" and read it, waiting for Yang Benman's arrival there.

Once upon a time, Linghu Wujiang was an optional character in the Censorate.

There is no big backer or a lot of money.

However, he was not the kind of clerk who was completely helpless.

Overall, it is a relatively ordinary clerk in Taichung who will not be noticed even if he throws it into the crowd.

However, his situation is different now.

Linghu Investment Company has achieved great recent results.

Thanks to its insistence on holding stocks such as Water Job Production, Permanent Bicycle Workshop and Changan Precision, Linghu Investment Company's recent yield has reached more than 30%.

This made Linghu Investment Company immediately become a favorite.

Not only did some personnel from the Censorate sign a fund entrusted management agreement with Linghu Investment Company, but some other officials from the yamen and even some wealthy businessmen were willing to give him money to manage.

In this way, Linghu Wujiang's life has undergone earth-shaking changes by simply charging management fees.

Not to mention, according to the agreement, once the annual investment income exceeds 10%, Linghu Investment Company will take away 20% of the additional income.

Although it's only 20%, this is a very huge number.

Especially with the increase in management funds, Linghu Wujiang achieved financial freedom by relying on this part of the commission.

Not only did he buy the latest Mercedes-Benz luxury four-wheeled carriage, he also bought a meal at Zhenbao Pavilion, which made the guy who served him at that time very excited.

"Yang Yushi, the stocks we hold during this period have risen a lot. Do you think I want to sell them and exchange them for other stocks with lower prices?"

When Yang Benman came to the office, Linghu Wujiang immediately came over.

"There was an article in the Economic Daily a few days ago. It was written by Wang Youcai. The name is value investment. Have you read it?"

Yang Benman did not directly answer Linghu Wujiang's question, but instead asked him a question.

"Of course I've seen it, but I don't understand it."

In front of Yang Benman, Linghu Wujiang was very honest and pretended to understand.

“Whether it is the Water Resources or the Permanent Bicycle Workshop, what do you think of their profit prospects?”

"It's great! There is no other bicycle workshop that can surpass the permanent bicycle workshop in a short time, and as the main supplier, the future of Shujun Production is naturally good."

"Then why do you consider selling stocks? Which stock are you going to buy after selling?"

As soon as Yang Benman asked these questions, he immediately asked Linghu Wujiang.

"The atmosphere in the exchange has been brought up now, and many people are optimistic about permanent bicycles and their associated workshops, as well as other workshops that use steam engine equipment.

At this time, you should hold firmly, instead of selling after a small increase. This is speculation, not investment."

In Yang Benman's opinion, whether a workshop's stock is worth holding does not care how much it has risen, but how much its intrinsic value is.

Obviously, Yang Benman believes that the intrinsic value of stocks such as Permanent Bicycle Workshop is still a gap between the price of stocks.

In fact, many stock investors in later generations were difficult to hold even if they chose a bull stock.

Maybe when you look back, you would say that if I had known that I would hold a certain stock and it would have risen several times in a year.

But if there is really another such stock in front of you and you happen to buy it, basically you can enjoy a few percent of its increase, which is already very powerful.

No matter how many, you will definitely not be able to hold on!

This is why retail investors have a very difficult time making money.

It rose, but was afraid of falling, so I quickly sold it.

If it falls, I am afraid that it will continue to fall, so I will quickly cut my losses, and naturally I will lose money again.

"Then...then I'll listen to you first and continue to hold these stocks in my hands."

"Yes, but I heard that you have absorbed a lot of investments recently, and you can't put your eggs in a basket. Buying stocks such as East Pacific and Datang Railway, which have a relatively large market value, is also a good choice."

Although Yang Benman does not have shares in Linghu Investment Company, it can be said that he has no interest.

But this feeling of giving advice made him quite enjoyable.

"Okay, then I'll do what you said first."

Linghu Wujiang breathed a sigh of relief.

With a clear direction for future investment, he will no longer be able to sleep.

We can go to Pingkangfang tonight to relax.

...

Bang!

Bang!

Bang!

In the iron workshop, there were a series of rapid knocks, which were more pleasant than any music in the eyes of craftsmen.

"Master, this time we received 10,000 machetes from the Fang family and Cheng family in one breath. We originally thought that we would have to wait until one month before delivery. Now it seems that we can complete it without even half a month."

Standing in front of the newly put into use steam forging press, Jin Tai felt very shocked.

Originally, it took two craftsmen to cooperate to make a machete, and it took at least half an hour to complete the work.

The machetes produced in this way are of very average quality.

If you want to have good quality, you have to constantly forge and at least double the processing time.

This means that the cost will increase significantly.

These machetes were just transported to Lingnan to cut sugarcane.

Whether it is the Fang family or the Cheng family, they are definitely unwilling to spend a lot of money to buy machetes.

So we can only make some choices in terms of quality.

However, now in front of the steam forging press, Jin Tai felt that in just five minutes, a machete could be processed and the quality would increase significantly.

Because the power of the forging hammer of the steam forging press to hit the blade is definitely many times greater than that of manual labor.

This means that the effect of forging will be greatly improved.

Even if the forging time is shortened, the quality can still reach a higher level.

"Well, this time I dared to win this order at such a low price to build up the reputation of our Jintai iron shop in the tool industry.

Not to mention anything else, there is at least tens of thousands of machetes needed to cut sugarcane in Lingnan Road every year. In addition, the machetes for cutting cotton in Shuozhou are not replaceable by ordinary sickles, so it is also a very broad market.

If possible, we can even seize the hatchet market where farmers go up the mountain to chop wood."

Jintai ironworking workshop was a business that Jintai started, so he naturally hoped to make it a half-century workshop.

Although there is no chance to receive an order for weapons to be the supervisor, Jin Tai is ready to start with an ordinary machete to let everyone see the strength of Jin Tai's ironworking workshop.

"The Fang family and the Cheng family have taken advantage of this time. Just feel these machetes and you will know the quality is extraordinary."

A Niu held a machete and waved it in the air a few times.

Compared with the previously artificial forged machetes, the quality has been confirmed.

Although it is not as powerful as the two of them collided and broke the other side, the manually forged machete has already had a large gap, and the machete made by the steam forging machine is safe and sound.

"It's not a good idea to take advantage, we haven't lost anyway. The other party said that if you are satisfied with the use, you will recommend it to other farmers and will continue to order it next year."

Jin Tai didn't complain because she made less money.

A new product, which first opens the market at a low price, and then slowly considers making money, is also a relatively mature method.

After all, machetes are not like steam engines, they are products that are technically intensive.

Even if it is very expensive, some people will buy it.

"Master, at this pace, the cost of this steam forging press can be amortized in less than two years. The huge purchase cost seems to be, but it is not a big deal to each product.

Can you consider continuing to introduce more steam forging presses and steam stampers?”

After all, A Niu is a young man and has a strong ability to accept new things.

"Yes, even if the production capacity of Guanshishan Academy Steam Engine Research Institute is insufficient, we will pay a deposit first to occupy their production capacity, and we can also delay other opponents' follow-up progress in disguise."

Jin Tai doesn't expect the steam forging press to become the unique secret of his own workshop.

It will definitely not take long before other workshop owners can react.

At this time, the longer the advantages of Jintai Workshop can maintain, the larger the market share it can occupy.

...

Baekje envoys were stationed. Sha Bao held a machete with a heavy expression. This was a sample that his assistant Yan Hong retrieved from Jintai's ironworks workshop.

"Entertain, I have tried this machete. After the waist knife we ​​guards are wearing, even if it collides with it, there will be a big gap.
To be continued...