Before reading this article, please click "Follow", which is convenient for you to discuss and share, and can also bring you a different sense of participation, thank you for your support.
The investment wizard Guan Shanxiang chose to commit suicide because of his loss of huge wealth.
In the past decade, Kwan has attracted the attention of many people with his extraordinary investment talent and outstanding performance.
He achieved financial freedom at the age of less than 30 and became the founder of Shenzhen Hao Sifang Asset Management Co., Ltd.
However, when the market situation reversed, he got into trouble and chose to end his precious life.
Looking back on the setbacks and successes that Guan Shanxiang experienced and suffered when he came over during this period, it can be said that it is enviable by the world.
But we can also see some lessons and insights.
First, a successful investor should be highly sensitive to the political situation and adjust accordingly.
Long-term adherence to heavy positions in real estate, bank stocks and other fields are easily affected under policy changes, resulting in risk exposure.
Pursuing profit while ignoring the external environment will pay a heavy price.
Second, in the pursuit of profit maximization, we cannot blindly slide into the path of greed.
"Knowing the progress and retreat" is a necessary quality for a good investor, and not knowing how to stop at the right has led Kwan Shanxiang to the brink of failure.
We need to think rationally and assess the situation at all times to avoid excessive risk expansion.
The third lesson concerns the use of leverage.
The right use of the right leverage can lead to greater returns, while maintaining robustness in risk control and continuously reducing the debt ratio to ensure safety.
Finally, phased success does not mean final victory.
The phrase "the winner is the one who laughs last" is deeply rooted in people's hearts and speaks of the impermanence of the wheel of fate.
On the eve of Guan Shanxiang's suicide, he may not have imagined that the industry would usher in a wave of recovery that would change his fate.
Although the ending is embarrassing and shocking, it is a wake-up call and inspiration for the investment community.
To survive and thrive in the midst of rapid change and fierce competition, all kinds of fund managers should detonate their internal strength, but also need to be carefully selected, patient, calm, and insightful about the market situation, while sticking to their original intentions.
As an investment director of a well-known company, according to the recruitment announcement of a similar position, the annual salary may be as high as 10 million yuan.
After rough calculations, the same position as Gülen, during his 10-year tenure in CEIBS Fund Company, is expected to earn about 50 million yuan.
In other words, in this decade, although she lost 23.4 billion yuan and brought huge losses to investors, it was a great contribution to CEIBS! They earned $3.3 billion by collecting management fees and enjoyed huge returns.
From a personal point of view, Gülen has undoubtedly become a successful senior manager, with an annual salary of more than 50 million yuan, making her a true "golden field".
In fact, no matter how the stock market rises or falls, mutual funds can remain solid and profitable: as long as the management fee is lower than the amount received, the expenditure can be balanced and rewarded. Almost all public funds today belong to the IQ tax group. One of the main reasons for this is the lack of any penalties that allow it to continue to make profits with peace of mind. Except in a few cases, buying public offers can be attributed to IQ and people's inherent inertia. The main slogans of the fund industry include: "Leave the profession to the professionals" and "Easy access to income". Wouldn't that be a self-defeating face? No matter how much money fund managers lose, it has nothing to do with investors, they still receive an annual salary, and the company still collects fees.
So why do they need to work for the benefit of the people? You just need to do your job to earn management fees for the company.
Only when public fund managers and investors bear the same risks and share the honor can public offerings find a way out.
In the stock market, "victory belongs to the strong, defeat will be eliminated", when the bull market optimistic prediction is booming, it is rare to see losers, and "big winners" continue to emerge; When faced with a bear market, it is not easy to succeed in such a competitive environment.
The false name of "stock god" is everywhere, but in fact, the stock market is full of crises and challenges - the idiom "where there is risk, there is investment and you need to be cautious".
Because of this, for those who like to take risks, "If you love her, take her into the stock market; Likewise, even if you hate her, bring them in.
"Success or failure depends entirely on opportunity, circumstances and individual capabilities.
Bet on the mysterious ethereal feeling in your hand; If you gamble wrong, no one will be spared, only regret remains.