Vol 5 Chapter 996: the difference

The old horse, who had eliminated the small bumps in his heart, was clearly in a good mood during lunch.

However, Sun Zhengyi always felt that this man who he had said to be a lifelong friend before, looked at him a little bit strangely, how to put it, as if he was a little lucky for himself, fortunately that he had escaped.

Sometimes, Sun Zhengyi felt that the look in his eyes when the old horse looked at him, it seemed like you were really lucky.

Why is this? He didn't understand.

He was destined to not understand this question, because neither Ma nor Feng Yiping would tell Sun Zhengyi Feng Yiping's plan, which was called a household plan.

Lunch is naturally delicious, but the focus of the three of them is naturally not on lunch.

So in terms of arrangement, it is not the kind of big dining table where three people sit alone, but the kind of small round table similar to the one at home, sitting on the opposite side and reaching out to clink glasses.

This arrangement is naturally mainly for communication.

"We know that speaking of well-known investors, the other one is Mr. Buffett. Mr. Sun, what do you think is the biggest difference between you and Buffett?" Feng Yiping asked.

Sun Zhengyi said almost without thinking, "The biggest difference is the difference in age."

Naturally, I was worried that Feng Yiping felt that his words were not sincere enough. It was a bit like a confession. He then explained, "Buffett was born in the United States in the 1930s. When he was a teenager, the United States was not the most developed in the world. In a country where the material conditions are not rich, this may have created his relatively cautious character."

"To make a simple analogy, at the gambling table, if he and I have 100 billion US dollars, I may be all in very soon. He will definitely not do this. Although there is a suitable opportunity, he will also improve. Betting, but more often, it’s not against playing small bets,"

When he said this, Feng Yiping could see the arrogance of this short middle-aged man.

His metaphor about the gaming table is indeed very apt. Therefore, he is the person who has gone from a huge wealth to a “rich”, and Buffett, although he does not have such a large return investment as his investment in Ali, his wealth has always been It is rising steadily.

"Maybe because of his teenage experience, Buffett tends to invest in industries he is familiar with. This is the most fundamental difference between me and him. You see, my investment is concentrated in the software and Internet fields, but he avoids it. This industry,"

Feng Yiping nodded. This is indeed the biggest difference between Buffett and Sun Zhengyi.

Everyone knows Sun Zhengyi's enthusiasm for software and Internet companies, just as everyone knows Buffett's aversion to Silicon Valley.

For this reason, our stock god, like many others, said something like an afterthought.

After the great success of Google’s listing, Feng Yiping heard—of course, unconfirmed gossip. He once said in private that not investing in Google was the biggest mistake he and Berkshire Hathaway made. They "messed up".

You know, when Google was raising stocks, Page and the others also sent people to Omaha to find Buffett with investment prospectuses, but they didn't do anything in the end.

"If you want to illustrate the difference between me and him vividly, I can make an analogy. I know that Feng You just opened a restaurant in Silicon Valley. If that restaurant is the same as the one we eat now, it will serve so delicious. Food, then I think if Buffett patronizes a few times, he might have the idea of ​​investing in your restaurant.

"This is another significant difference between me and him. Although his investment portfolio covers banking, insurance, railways, manufacturing and energy companies and other fields, it is not difficult to find such a fact after a closer look. His investment is A large part of it is holdings in companies such as candy, ice cream, chewing gum, soft drinks and ketchup."

"Why? He is very familiar with the products of these companies, or simply said that he likes these products, such as cola, such as ice cream, so he thinks the stocks of these companies are worth owning,"

"I can even say that Buffett made the most important investments for him based on his own taste."

This analogy is really appropriate, isn't it? Buffett's investment in many businesses in the empire is really "eat".

Coca-Cola, Heishi Candies, Wrigley (the one that produces chewing gum and candies, not sanitary ware), Heinz Ketchup..., and his shares in tobacco companies through other companies.

"If one day, I would not be surprised to hear which hamburger company Buffett invested in," Sun Zhengyi said with a smile.

"Yes, our reaction should be like this. When we come to the United States in the future, we don't have to worry about choosing which hamburger to eat. The one that Mr. Buffett invested in is definitely a good one," Ma also smiled and toasted with him. .

"Speaking of speaking, Buffett and I also have the same place. My first pot of gold is closely related to an industry that thrives in rb, pachinko machines. When I was in school, I rented pachinko machines to accumulate It was a lot of money for me at the time."

"The time I spent on this job, and other part-time jobs, exceeded the time I spent on studying,"

"I also noticed that when Buffett was a child, it seemed that after his father was successfully elected to the House of Representatives and his family moved to the HSD, he also spent dozens of dollars to buy a second-hand pachinko machine and sell it to the barbershops on the streets. It is recommended that the pachinko machine be placed in an open area of ​​the shop, so that customers can play with both hands to relieve boredom while waiting for a haircut, and the benefits will be shared by both parties.

"Soon, the barbershop renting his pachinko machine, customers came like a cloud, and later, the opponents of the hsd streets and alleys, almost every shop, one machine,"

Feng Yiping felt that he was not so much saying that the pinball machine was what he had in common, but that the two of them had the desire for money since childhood.

Speaking of which, Feng Yiping this time is the same as them. He has been thinking about how to make money since he was more than ten years old, to be precise, when he was 12 years old.

Therefore, it can also be said that many rich people have in common that they have loved money as much as their lives when they are young, and they not only stay in this preference, they will actually take a lot of actions for this preference.

"...I like Buffett's opinion that there are too many uncertain factors in the software and high-tech fields. He believes that in the early stages of the development of the technology industry, it is difficult to find the final winner, and it is also difficult to reasonably value technology companies. , This really makes sense. The dot-com bubble has fully illustrated this point, but I still like investing in these companies..."

"... Buffett refuses to invest in young companies. These companies may become great companies in the future, but they are difficult to analyze in the early stage. He hopes to invest only in companies that have achieved sustained profitability, but I like investing most. These young companies..."

Perhaps it was because of happiness, perhaps because Sun Zhengyi really wanted to "be friends for a lifetime" with Feng Yiping and Lao Ma, so he said a lot during the dinner.

These words made Lao Ma feel that one of his previous ideas was obviously wrong.

When I first went to the United States to find funds, even if I found these giants, it seemed that there would be no good results. For example, Buffett must be far from himself.

Feng Yiping also listened very carefully.

It should be said that although Sun Zhengyi's personal wealth and his return to shareholders are far from Buffett on the whole, it cannot be said that he is not commendable compared with Buffett.

On the contrary, people like Sun Zhengyi have many qualities in him, which are also worth learning.

It is a rare opportunity to hear him talk about his experience face to face. Otherwise, why do you have to pay hundreds of thousands of dollars to have the opportunity to talk to Buffett like this for many people?

According to Feng Yiping's understanding, if there is a difference between him and Buffett, it is Buffett's bet on "certainty" and Sun Zhengyi's bet on "risk".

Therefore, Buffett’s final achievements seem to be higher than Sun Zhengyi, and Sun Zhengyi’s success in a single investment will make Buffett only look forward to it~www.wuxiaspot.com~ It should be said that these two individuals have their own concealment. And Jiaojie.

And if they can combine their advantages, they will obviously be the most successful investor in the world. Feng Yiping hopes that he can do this.

So far, he is indeed doing this.

The financial crisis in 1997 followed those predators to make money; later borrowed foreign capital to attack mobile companies and followed them to do airport stocks, becoming the biggest winners; speculating in euros; letting Li Ruiyuan and the others test crude oil futures... all of these. It can be said to be a gambling.

And I insisted on absorbing Apple stocks for a long time, thinking of so many ways, and finally successfully investing in Google, and now starting to hold the stocks of domestic blue chip stocks such as Moutai is an investment with certainty...

In fact, to outsiders, Feng Yiping is very close to Sun Zhengyi, because he obviously also likes those high-tech companies in Silicon Valley, so he spends a lot of money to acquire Netflix.

Of course, this is mainly because, in the eyes of outsiders, investments that are "gambling", for Feng Yiping, who has later memories, are actually no more "stable" investments.

At the end of the lunch, Son Zheng Shunzui initiated an invitation to Feng Yiping, "After signing the contract, I want to go to Korea. Are you interested?"

…………

Drinking a little dizzy and dangling, Feng Yiping returned to his top-floor suite after dinner. Sun Zhengyi and Lao Ma obviously had more alcohol than him, so they continued to talk.

Regarding the signing of the agreement and the ceremony that followed, they did have a lot of questions to communicate.

This year’s start to this year seems to be going really well. Feng Yiping was sitting in the living room, looking at the top city skyline outside the window, thinking like this, the door was knocked a few times, and then, a person carried a scent of fragrance. Run in, "Hi!"