As a top investor in China, he led Gao Lin to invest in more than 800 enterprises, and businesses in all corners of society can see Gao Lin's shadow. He controls more than 400 billion private equity funds and is known as Buffett in the East. Interestingly, however, Buffett humorously handed Zhang Lei his wallet and said, "You are better at managing money than I am, so I'll leave my wallet to you!"
When I first read this book, I thought it was a business tycoon telling his legendary experience of dominating the business world. After all, his success has attracted worldwide attention, and only those beautiful investment cases are legendary. Then read on, only to find that it is not as expected. It can be regarded as the duke of Zhou in the industry: let entrepreneurs know how to establish real values and strategic development ideas; Achievements and methods of personnel training. Zhang Lei's investment secret is not afraid of being known. On the contrary, he wants more people to know how to create value. In my opinion, the really powerful conspiracy is to put it on the table. This is in line with his philosophy-keeping the right and using the strange. Generally speaking, it has a good impetus to the development of business ecology and society. The central idea covered in the book is: the long-term doctrine of creating value.
Zhang Lei is studying MBA and international relations at Yale University in the United States. He is interested in management, economy and finance. The biggest feeling in the learning process is that once you master the rigorous analysis system, in-depth historical research, complete thinking framework, analyze and solve problems, it is a particularly interesting thing. What kind of top-down/bottom-up fundamentals are driving the fluctuation of returns? This dialectical relationship is different from Marx's dialectics. Zhang Lei himself is a rigorous science and engineering student. This rigor is always accompanied by his academic and investment philosophy-the first principle, which goes back to its roots. "Source": basic axiom, philosophy of life, human nature and the law of all things. I like to interpret it with Marxism and say "seeking truth from facts and being pragmatic". The legendary business tycoon Musk often said: No matter what field, you must determine the truth before doing anything. It seems that experts have the same opinion.
For us, long-term doctrine is to establish self-worth and all social relations outside me, and whether they can be extended healthily. Therefore, I always treat all encounters with kindness; For entrepreneurs, long-term doctrine is a model, which can reject the narrow view of existence. A person's long-term way of doing things, whether it is method or atmosphere, often affects or changes the way or thinking of some speculators. A successful investor is not only an individual's progress of the times, but also a group, a value system and has social effects. This is the difference between businessmen and entrepreneurs. I wrote a letter to Cao before, explaining entrepreneurship.
I especially agree with a sentence in the book: "In fact, every choice in life is an important value judgment ... In the current rapid development of society, economy and technology, we should be especially wary of opportunism and opportunism." I made a long comment on this paragraph. Running water does not strive for the first place, but it is endless. I am a long-term activist myself, and this kind of values runs through the nuances of work and life. Especially for people, it is not in the present, even if there is no intersection in the future, it is only in a positive nature. I met a strong opportunist and opportunist. His landing point is like physical logic. He can accurately predict the ending from the beginning, and the comparison before and after is simply not worth it. However, for opportunists, it is terrible to be able to taste the sweetness of even a moment and study hard.
Everyone can be his own value investor, covering all aspects of life and work. As long as he thinks it is right and meaningful, all roads lead to success. Success is not a great cause, but a sense of happiness gained through your own efforts at every step of life.
Material produces value, and value drives interests. What groups are behind the interests to promote their development? Are they short-term needs or long-term necessities? Whether there are new substitutes for goods that generate value, how long is its cycle, or whether the entry of new industries directly or indirectly affects the unit of measurement of value.
Finance includes not only the allocation of capital supply and demand, risk management, payment and settlement, information discovery and provision. Through scientific calculation, blind corners and hidden dangers of development can be effectively avoided only by experience. There is a chapter on the quantitative analysis report on corporate governance made by Lei himself, which is very enlightening:
A set of scientific and independent research can be the ability to observe and judge problems from a unique perspective. Cao Wangde's great wisdom, his experience judgment is of course very powerful, but it can't be passed down; Zhang Lei pays attention to "transmitting", "helping" and "taking", and draws scientific conclusions with a set of extremely rigorous top-down/bottom-up logical analysis, which is highly operational and reproducible.
The era that Zhang Lei experienced, like the financial giants that everyone is familiar with at present, witnessed an unprecedented wave of words. In just a few decades, industrial development, urban upgrading, internet popularization, and technological innovation ... are all times when heroes are easy to be born. Especially after China's entry into WTO at the beginning of the century, the wheels are rolling, the flowers and plants are exotic, and the scenery is like a generation. Because of this, Zhang Lei is surging with a new trend. He felt that a great era was about to emerge in this land of China, so he resolutely gave up his studies and returned to China to start a business. Yes, he saw the future and began to struggle for the unknown evolution. It is hard to imagine how much color financial investment tycoons will lose without him in this decade. Judging from his naming of the company, it is doomed to be extraordinary. Building a tall building is much more brilliant than laying a foundation. Zhang Lei has a high starting point. If you had started doing business, the foundation alone would have been ten or eight years.
You don't necessarily know finance and the evolution of capital, so you become a winner or a capitalist. For the elite, you don't do business, so what's the use of studying things that are thousands of miles away from you? In fact, the purpose of reading is not to get immediate results, but to provide you with a kind of thinking that distinguishes right from wrong, so as to gain inner peace. As for what kind of changes I can bring to myself in the future, I think it is useless at all.
Marx's "Das Kapital" has explained the fundamental traceability relationship between capital and commodity and the extremely evolutionary argumentation method for human beings. There is a saying that impressed me deeply: "the name of a thing is entirely external to its nature." In other words, the value of this item has little to do with the name itself. There is a very interesting phenomenon here, that is, all world-class great thinkers, even if they come from different factions, have similarities in their central ideas. For example, the sentence "Das Kapital" is similar to the local "fame can be named, but not constant" and the Buddhist "everything is true", and the views are the same.
Through value, Zhang Lei wants to tell people how to master the correct and insightful way of thinking and solve the problems they encounter. Through the process of "looking for changes, questioning assumptions, deducing and testing results", we deeply study the beginning and results and form accurate judgments.
This sentence comes from Laozi's Tao Te Ching. Zhang Lei always reminds himself that, on the basis of adhering to a high degree of moral self-discipline, independent personality and observing rules, he should seek the long-term, be brave in innovation and win by surprise. This book shows the influence of local traditional culture on it. Based on Laozi and Zhuangzi's thoughts. Looking at domestic entrepreneurs, most of them take Buddhism as their philosophy, but Zhang Lei accords with the unique view of "China" of Henan people. Commendable! The characteristics of local culture, from ancient times to the present, emphasize the word "virtue", which is worthy of its place and is followed by gentlemen. Therefore, Zhang Lei Gaoling pays the most attention to the executor's moral integrity in investment. Morality embodies the model of a gentleman. The Analects of Confucius says: "Although there are trails, there must be considerable people; Stay away from the mud, but also a gentleman. "People who pay attention to immediate interests are mostly people who lack patterns and patterns, and morality is naturally lacking. Only two things in this world can deeply shake our hearts. One is the bright starry sky above us, and the other is the lofty moral law in our hearts. This sentence comes from the German philosopher Immanuel Kant. Stick to the moral high ground. Zhang Lei looked at it this way:
The reason why I read "moralism" in a large space is because I have followed this law for a long time in my heart. If I meet a bosom friend, I'm more gratified to prove that I stick to it.
Only what can't be burned is the most important thing in life, that is, a person's knowledge, ability and values. Supporting a person's rational curiosity, honesty and independence, strong learning ability and keen insight into things is a moat for a person to deal with complex things.
This sentence is most appropriate today. The lucky people in primitive society often rely on strong physique, while the outstanding people in feudal society often rely on family and blood, and only occasionally can they gain fame through hard work. In today's era, we can change our destiny by receiving education, learning knowledge and exploring innovation. Zhang Lei is such a typical example, which is the epitome of the whole country.
I admire this book because it is the only scientific thinker I have ever read, who can write a book with diverse ideas, rigorous physicalism, open literature, gorgeous style, inaction of Lao Zi and Zhuang Zi, and detachment of Buddhism. Beyond my one-sided understanding of "value".
The ancients said, "Walking between heaven and earth is like a passer-by." In the long-term practice, we should seek the cycle of everything, find the law of advance and retreat, be friends with time and return to inner peace. At the end of the article, I borrowed a poem from the author to end: