My Age of Investment

The latest website: Xia Jingxing, a stock recommendation master, was sitting in the office of Vision Capital, looking at the computer, a little dazed.

He told his employees to pick a stock to practice with, while he picked a few more stocks for the company.

How to choose?

It made him feel bad.

First of all, the stock price must rise sharply in the next three years;

Second, stock prices can’t go up and down, lest they cause a chain of hedge fund crashes.

There are not many stocks that can meet these conditions, and even fewer can clearly remember the trend of the stocks.

Apple, Amazon, Netflix, these companies, he knows that the future will definitely rise.

But this surge is compared on a five-year or ten-year time line.

Specific to the time period of one month, several months, and half a year, the stock price trend is really difficult to determine.

In his previous life, he lived in the United States for eight years and studied financial engineering, but it is not that he could not remember financial information completely.

For example, Amazon launched a cloud computing service in March 2006, Apple released the first-generation IPhone in January 2007, and Netflix launched a streaming media service in 2007...

Information is messy and somewhat fragmented.

These bits and pieces of information are actually very useful and can be used as investment decisions.

However, in order to maximize the utilization, there must be a supporting department to analyze the relevant information and accurately grasp the buying and selling time.

He dispelled his thoughts and brought up the impressive stock chart of the company in his mind.

There is also a notebook next to the computer, which lists some notes that others cannot understand, such as: 063, Bei Tuyun; 071, Qiao Fengshen...

Looking at the stock trends of each company, Xia Jingxing took the time points of the memorabilia in his notebook and began to make some analysis, judgment, comparison, inference...

The three major domestic web portals were the first to be analyzed by him.

The stock price of the pig factory is only in the early 30s.

He can still squeeze out some more oil and water, because he clearly remembers that Duan Feite sold a part of NetEase stock in September 2005, and the stock price at that time was nearly 100 US dollars.

Sohu's current share price is $15.27, and he was directly excluded from the investment list, because after this, it has not been higher for a long time, and the share price has been hovering at 20-30 US dollars for the next few years.

Sina is similar to Sohu, and the stock price is only in the early 18 dollars. In the next few years, the stock price will fluctuate between 20-40 dollars for a long time.

Stocks that earn less than double in a year are directly excluded from the investment list.

Just as he was about to put a cross behind Sina's name, his hand stopped.

Suddenly remembered something!

Shanda's hostile acquisition of Sina in early 2005, the latter resorted to a "poison pill plan."

There is a lot of room for action in this matter.

As a result, he put a big question mark behind Sina stock and needed to find a team for a rigorous analysis.

Then, according to the same analysis method, he went through all the foreign Internet giants such as Apple, Microsoft, Amazon, Yahoo, Netflix and so on.

…………

…………

At the same time, after a period of analysis and tracking, Liu Hai and the team also found a suitable stock.

Liu Hai found Xia Jingxing and reported to him the target stocks they had selected.

"Nvidia?"

Of course, Xia Jingxing has heard of this company. Its founder, Huang Renxun, is also a well-known figure in the Chinese technology circle.

"Yes, we think Nvidia has great potential!"

Liu Hai sat next to Xia Jingxing, clicked on Nvidia's stock chart with the mouse, and introduced:

"In April 1993, Huang Renxun, who came from the integrated circuit manufacturer LSI Logic, and two young engineers from Sun Corporation jointly founded NVIDIA...

Their original intention was to develop a special-purpose chip to speed up the rendering of 3D images in video games, resulting in a more realistic display..."

Liu Haiwei introduced the development history of NVIDIA and the brilliant achievements of the past few years, and said with a smile: "In this way, NVIDIA has quickly become a giant in the GPU market, and only one competitor, ATI, is still competing with them.

At the same time, in the PC market, Microsoft and Intel are also the two giants that Nvidia cannot avoid.

In 2000, in order to enter the game console industry, Microsoft found the prosperous Nvidia and asked them to develop Xbox graphics chips, SoundStorm sound chips and motherboard solutions.

However, the development time given by Microsoft is only one year.

During this period, a series of reasons such as bugs in the power supply and insufficient database functions caused the Xbox to enter the production stage two months before the launch date.

In the end, Microsoft was forced to delay the launch, missed the opportunity, and lost to Sony PS2.

In order to compete with the PS2, Microsoft intends to reduce the price of the second-generation Xbox console, so it requires Nvidia to reduce the price of the chip as much as possible.

However, the profit of the chip itself was not high at that time, and Huang Renxun did not agree. In addition, the chip encountered quality control problems later, which led to higher costs and was forced to reduce performance.

The conflict between the two sides intensified, and finally went to court.

After that, Microsoft handed the order to Nvidia's rival ATI.

The failure of this cooperation cost NVIDIA a heavy price. Not only did the revenue decrease in 2003, but it also missed the important news of the establishment of Microsoft's DirectX 9 specification, which directly caused the GeForce FX launched that year to lose to ATI's Radeon 9700 due to compatibility issues.

More unfortunately, GeForce FX still has the problem of too high running temperature, which caused many spontaneous combustion accidents. Huang Renxun was once ridiculed by game players as "the father of two bombs".

In addition, in addition to Microsoft, Intel has also begun to support ATI. Under the siege of giants, Intel suffered heavy losses and its stock price plummeted..."

Liu Hai spread his hands, "This is the root cause of Nvidia's current predicament, and no big brother is willing to support him."

Xia Jingxing smiled, "Your "eldest brother" is very flexible, indeed, as a younger brother, Nvidia cannot escape its dependence on the older brother.

So why do you think Nvidia can rise again? "

Liu Hai said with a smile, "I went to learn about it specially. After seeing the power of giants, Nvidia took the initiative to seek reconciliation with Microsoft in order to achieve a breakthrough, and strive to cooperate again;

On the other hand losing Xbox orders, they are struggling to win Sony PS3 orders.

In addition, they also intend to continue to introduce high-performance chips to compete with ATI.

At the same time, they also reached a patent cross-licensing agreement with Intel.

With these, I believe that Nvidia has no chance of making a comeback after working hard for two or three years! "

Xia Jingxing thought about it carefully, he was not particularly familiar with NVIDIA, but he was not unfamiliar either.

Re-emergence, it is obvious to all.

With a plan in mind, he smiled and said, "Well, since you have chosen NVIDIA, then invest 10 million US dollars in them and add them to our Lixia Fund's investment portfolio."

Liu Hai was stunned and stammered: "So much? Just practicing for the first time... It's a bit too much... We think one or two million dollars is enough."

Xia Jingxing waved his hand, "It's not much, the company still wants you to be at the helm, my main energy is still on other industries.

This $10 million can be regarded as a tuition fee.

Study well and earn money back with profit.

It doesn’t matter if you don’t study well or lose money. As long as everyone can gain experience from failure, it can be regarded as accumulating strength for the next success. "

That being said, it is impossible to lose money, at most it is impossible to make money and waste time. In other words, it will make less money than other stocks.

Xia Jingxing was very clear in his heart, but he still said this on purpose, just to put some pressure on Liu Hai and the fund operation team.

When there is pressure, there is motivation and growth.

Otherwise, the boss will be required for any investment analysis, and the company will not be able to operate for a long time, let alone become bigger.

Liu Hai suddenly felt a heavy pressure and a full sense of trust.

The Nvidia stock was actually chosen by him.

Because he also plays games and knows the company Nvidia.

At the same time, because Huang Renxun is also Chinese, he paid attention when he worked at First Securities.

Having followed the company for several years, it's all too clear why it's been successful, and why it's currently frustrated.

It's just that Xia Jingxing made them invest so much, and he felt quite pressured.

Taking a deep breath, "Okay! Then we'll add Nvidia to our heavyweight portfolio.

Jing Xing, don't worry, I will definitely be responsible for this investment to the end! "

Liu Hai said it very decisively. If the investment loss is exaggerated, if there is punishment, or even let him go, he will admit it.

Xia Jingxing smiled and said nothing.

"These are a few new target stocks I have selected. You arrange for the team to do an analysis and buy them as soon as possible, within this month."

Xia Jingxing handed out two torn pages of notebook manuscripts.

Liu Hai took it over and took a look, and it was densely filled with stock price analysis comments.