Recast youth

Chapter 664 Teacher Zhang and Student Ye

"Why not just sell all the shares of Qingshan Group?"

When Ye Feng returned to the office, he asked about Zhang Lan. In his opinion, since the stocks of Qingshan Group were all planned to be sold, it must be better to get rid of them as soon as possible. If you keep them in your hands, you will have long nights and dreams.

"Stocks are not as simple as you think. If you do this, the trading volume will be too large, which may cause a company to go bankrupt in one day."

Zhang Lan laughed and explained the knowledge of the stock market to Ye Feng: "Think about it, for example, if a company's market value was originally 80 million, and 1996% of its transactions were done in one day, would it go bankrupt? So based on this, The system implemented on December 12, 16 stipulates that, except for the first day of listing, the trading price of various securities such as stocks (including A shares and B shares), funds, and bonds within a trading day is relative to the closing price of the previous trading day. The price increase or decrease shall not exceed 10%, and any order exceeding the price limit shall be invalid."

"I've learned about this. It's the upper limit and lower limit, right?" Ye Feng said.

"Yes."

Zhang Lan nodded and continued: "There are several methods for selling stocks, including the separation of principal and profit, the fixed-point closing method, the stop-loss closing method, and the batch closing method. So I definitely can't sell Qingshan Group's stocks now. If I sell it all at once, for example, if I am operating a full position now, I have to adjust it according to the rise and fluctuation of the stock to ensure that it remains flat and will not cause the stock of Qingshan Group to rise or fall. When others buy, I will Reducing holdings is similar to changing hands, then moving from full position to half position, half position to bottom position, bottom position to short position, and then to clearing the position, do you understand?”

"I don't quite understand." Ye Feng shook his head like a rattle. He didn't understand anything about stock operations. He bought NetEase stocks because he knew that NetEase stocks would definitely rise sharply. He didn't sell them after buying them, just like a fool. He definitely knew how to operate, but he didn't quite understand what was involved in the operation.

Zhang Lan gave Ye Feng a funny look: "Thankfully you are still the boss of a big company, why don't you understand such basic things? You need to learn these."

"I'll leave it to people who understand, and I won't complicate it."

Ye Feng retorted, and then suddenly asked Zhang Lan: "By the way, if our company is going to be listed, do you want to hold some of my company's original shares?"

"No." Zhang Lan said.

"why?"

Ye Feng looked at Zhang Lan in confusion: "Believe me, you will definitely not lose money if you buy my company's stocks. It's no better than you just messing around here. Chen Yiming also found someone who wanted the original shares of my company, but I didn't even agree. he."

"Different."

Zhang Lan said with a smile: "My hobby is not here."

"Then what are your hobbies?" Ye Feng asked subconsciously.

Zhang Lan looked at Ye Feng funny: "Want to know?"

"Ah."

"But I won't tell you."

Zhang Lan walked up to Ye Feng, suddenly stretched out his hand, and flicked Ye Feng's forehead with a smile. Ye Feng rubbed his head in pain, finally feeling Ye Qing's original pain.

Before he could fight back, Zhang Lan stepped aside and said with a smile: "Stand there and don't move. Your sister asked me to play it for her."

"How did I find out that you two were working together?" Ye Feng gave Zhang Lan a helpless look.Zhang Lan smiled slyly and said: "Nonsense, ours is clearly called the Justice League!"

"You are in your 20s, and you are the only one who can play with a high school student enthusiastically."

Ye Feng said speechlessly, and then consulted Zhang Lan: "By the way, I have a batch of funds in hand now and want to make some investments. Do you have any good suggestions?"

I don't know if it's because he never got any benefits when playing chess with Zhang Lan at Wang Hao's house, but Ye Feng particularly believed in Zhang Lan's brain.

Zhang Lan thought for a moment and asked, "Well, what investment do you want to make?"

"What kind of investment is there? Is there anything special about it?" Ye Feng asked puzzledly. He found that he had too many things to learn in the business field.

"Well, how can I tell you? Forget it, considering that your brain capacity is relatively small, I'll tell you from the beginning."

Zhang Lan bit his lip, thought for a while, then looked at Ye Feng and said: "First of all, before investing, we must first understand what investment schools there are. There are currently four mainstream investment schools. These schools are all based on the Dividend Discount Model What comes out of it is called DDM for short.”

"I'm already confused...can I speak Chinese?" Ye Feng was already dumbfounded when Zhang Lan spoke English.

“Talk less and listen more.”

Zhang Lan rolled her eyes at Ye Feng, but still explained it to Ye Feng: "The full name of DDM in English is Dividend Discount Model, which lays a theoretical foundation for quantitative analysis of fictitious capital, assets and company value. The current basic analysis of securities investment is based on this set of models. theoretical data."

After finishing speaking, Zhang Lan glanced at Ye Feng and found that he looked like he was listening to the scriptures. He was angry and funny, and then said: "Forget it, let me tell you briefly about the four major schools of investment."

"Teacher Zhang, please feel free to attend class." Ye Feng weakly stretched out his hand to Zhang Lan and asked her to speak. He felt a little regretful and deeply doubted his own mind in front of Zhang Lan.

Zhang Lan knocked on the table and said with a straight face: "Classmate Ye Dafeng, I won't argue with you, but please raise your hand to speak during class time."

"Report." Ye Feng raised his hand seriously.

"I don't give you permission to speak. Sit down."

Zhang Lan seriously rejected Ye Feng's speech.

"..."

Ye Feng ran out of words and made the classic look that Yue Yunpeng performed in Deyun Club. He stretched out his hand to show you come, come. Isn't it okay if I don't say anything?
Zhang Lan stopped joking with Ye Feng and began to explain to Ye Feng seriously. With Zhang Lan's explanation in simple and easy-to-understand terms, Ye Feng also listened carefully, because this was exactly what he needed to learn.

"I said earlier that there are four mainstream schools of investment, and different schools have different investment techniques."

Zhang Lan said calmly: "Let me talk about the first one first, value investing. We often hear people say that they do value investing because they focus on the research of corporate fundamentals when selecting stocks. In fact, this statement is not true. To be precise, value investing refers to looking for stocks whose market price is lower than their intrinsic value through basic analysis of the company's financial performance. We assume that Po is the current price of the stock, Vo is the current value of the company, and Vn is the future value of the company. value, then value investing can use Po<
At this point, Zhang Lan paused, looked at Ye Feng and said: "This strategy was first proposed by Benjamin Graham of Columbia University in the 20s, and was later carried forward by Warren Buffett. When I talk about the stock god Buffett, you You should know by now, right?"

(End of this chapter)