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Chapter 320 Internet Winter

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A British critic once had such a famous saying, which was later described by Marx in "Das Kapital":

As long as there is a profit of 10, it will be used everywhere; with 20, it will become lively; with 50, it will cause active risk-taking; with 100, it will make people disregard all laws; with 300, it will make people not afraid of crime, and even

Not afraid of the danger of being hanged. (See Volume 1 of "Das Kapital")

The profits of Internet stocks were even much greater than 300 in 1999. For example, the stock of Qualcomm in the United States rose a full 26 times in this year, which can be called crazy.

As early as the mid-term stage of 1998, the British magazine The Economist proposed that it was asset price inflation in the United States, rather than the financial crisis in Southeast Asia, that posed a greater threat to the world economy.

Since that time, many economists have warned that the U.S. economy is likely to face a huge bubble. This kind of prosperity is not false and unsustainable, and requires appropriate cooling.

They believe that in the U.S. capital market, the stock prices of high-tech fields and the Internet industry have been much higher than a certain reasonable range. However, traditional industries are facing pressure to survive.

Because everyone has invested capital in high-tech and Internet industries, these traditional industries will not be able to develop with limited funds and will face a crisis of survival. Once these crises break out, they will also be related to those high-tech fields.

But reality gave them a hard slap in the face. Internet companies and high-tech industries performed extremely well in the capital market. This put those economists in an embarrassing position, because for most people

, facts speak louder than words.

You know, in 1999, the U.S. economy still maintained rapid growth, and the inflation rate was at a very low level of 22. At the same time, the unemployment rate also hit a new low in recent decades.

This fact makes more people believe that there will be no problems with the U.S. economy, and now is the most appropriate time to invest in the Internet and high technology.

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During this year, many companies just added a suffix to the company's suffix, and then came up with a business plan, and began to be sought after by the majority of investors. They did not take into account what the company did specifically, right?

There is profit generated!

There are even some start-up companies, as long as you have a domain name, someone will immediately send you funds to support you to continue doing it.

Any newly listed Internet company can easily raise tens of millions of dollars, or even more. At this time, U.S. dollars are like paper, and it seems to be easily available.

From 1998 to the beginning of 2000, in just over two years, the American financial community was everywhere hyping the magic of high technology. As long as it is related to high technology, congratulations, you are going to get rich.

Because your company's stock price will explode soon, and many people will even wave checks to acquire your stock or company.

For Wall Street, it is normal for Internet companies not to make money in the early stages. As long as they occupy a certain market first and have a certain user base, there will always be opportunities to make back the money they lost before.

This idea has become the consensus of many investors.

As industry personnel engaged in these fields, they are also crazy sought after. As long as you have a degree certificate in the relevant industry, major companies will immediately bid for you to join their company.

Even if you are a newly graduated student or an international student with a monthly salary of tens of thousands of dollars, it is not a problem at all. The entire European and American markets seem to be in a great boom. As for whether this prosperity is false, no one cares, they are more

It's just a matter of speculation, raising the stock price to a higher level in order to earn more dollars.

Of course, most of this money was earned by financial companies on Wall Street. Likewise, many investment companies followed suit. For example, Li Jianren's Kunpeng Capital.

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The time has entered December of 1999. In the past year or so, under Li Jianren’s instructions, Zhang Jiaqiang invested all the funds from Kunpeng Capital.

Li Jianren has purchased the stocks of Qualcomm, Microsoft, Cisco, Oracle, Yahoo, etc., many influential high-tech Internet companies that he can remember.

And now, the harvest season has arrived.

Under Li Jianren's instructions, Kunpeng Capital has begun to slowly sell out its stocks from the end of November without leaving any trace. According to Zhang Jiaqiang's estimation, all stocks will be at high prices around the end of December, or at the latest in early January.

Click sell.

What makes it difficult for Zhang Jiaqiang to understand is that the current stock market value of high-tech companies such as the Internet is still very good. He does not understand why Li Jianren started selling at this time.

According to his idea, it will be at least until next year, that is, after 2000, to observe the situation before slowly taking action. If the Internet market continues to show its power in 2000, then Kunpeng Capital will make a lot of money less.

With this doubt, Zhang Jiaqiang specifically called Li Jianren. Unfortunately, Li Jianren insisted on going his own way and directly issued an order to sell all stocks before February.

If you can figure it out, you must implement it. If you can't figure it out, you must implement it. These are Li Jianren's original words.

Although Zhang Jiaqiang is still a little confused, he also knows that the Internet bubble has a lot of water, but the European and American markets are still investing in the Internet. Doesn’t this mean that there is still a lot of room in the Internet stock market, and it should not be started now

Retracement!

After more than a year, Kunpeng Capital started to invest in the high-tech and Internet fields in Europe and the United States with more than 5 billion US dollars. Now it has more than 20 billion US dollars, which has increased four to five times in more than a year.

profit.

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If it weren't for the fact that Li Jianren couldn't remember which stocks had the biggest gains and which stocks had the most attractive profits, perhaps Kunpeng Capital would have exceeded US$50 billion in assets now.

For example, Qualcomm increased 26 times in one year, but Li Jianren did not know that at first he only asked Zhang Jiaqiang to diversify his investments, and his main target was still on stocks such as Microsoft and Cisco.

You must know that Li Jianren in his previous life also speculated in stocks in his spare time, but he paid more attention to the country. As for the situation abroad, he only had a general idea and did not understand the specific situation.

He only knew that in March 2000, the Internet bubble was about to explode. At that time, basically all Internet companies were in a mess, and countless companies went bankrupt. Including many well-known companies, they were surviving in the cracks.

After all, Zhang Jiaqiang is still a migrant worker, and Li Jianren can't explain the ins and outs of this matter to him. So he can only forcefully ask him to carry out the order. As for the reason? Just listen to what the boss says, and you don't need to know more.

After that, Zhang Jiaqiang began to execute the order and began to sell the stocks step by step. The investment amount of Kunpeng Capital was not small anymore, so there was no way to sell it all at once. It could only be executed slowly and step by step. Otherwise, it would definitely lead to triggering

Panic selling in the market will result in more losses than gains.

Zhang Jiaqiang has experience in these matters. He has participated in the crisis once before in Hong Kong, and he knows how to measure things.

Of course, Li Jianren would not ask about the specific operations. He hired so many financial personnel just to do these things. He only wanted to see the final results.

Li Jianren was indeed overjoyed with his gains over the past year. From the beginning, he did not expect to earn so much profit. Because he did not know much about the U.S. stock market at that time, he just made arrangements based on his past memories.

related operations.

As for how much he can earn, he is not very confident. He will definitely make money, but he is very happy that the current profit has reached this level.

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It makes me happy to think about how many schools he can build with such a large amount of funds.

But he couldn't share this kind of joy with others. He could only enjoy it secretly by himself. If people knew that he had made so much profit in more than a year, there was no telling what trouble would happen.

.Everyone understands that wealth is kept secret.

Thank you all for your support, please collect your banknotes!

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